Annual average inflation of 11.9% is the government's forecast in the July 1 budget update. The draft is on the finance ministry's website and proposes the government's borrowing limit to be raised to €5bn.
The unfavorable prospects for the budget will severely hamper Bulgaria's accession to the Eurozone in 2024, according to the Annual Report on Economic Development in the country by the Economic Research Institute at the Bulgarian Academy of Sciences .
If the war in Ukraine continues, stagflation is a possible scenario for the Bulgarian economy in 2022 because higher energy prices make exports more expensive and uncompetitive as foreign markets shrink, the report says.
The political formation “Yes, Bulgaria” which is part of the opposition coalition “Democratic Bulgaria” is calling a national conference to elect a new leader or two leaders to replace former chairman Hristo Ivanov who resigned over poor results at..
European Council President Antonio Costa will be paying a three-day visit to Bulgaria 27-29 April. His schedule includes meetings with President Rumen Radev and with Prime Minister Rosen Zhelyazkov. He is also expected to visit production and..
During the night there will be rain in many parts. In Eastern Bulgaria and in the Northwest the rain will be temporarily intensive, and there will be thunder. Minimum temperatures 7° C. - 12° C., for Sofia around 8° C. On Sunday the weather..
A peaceful civic protest under the motto “Protecting our children – car procession and blocking traffic on Danube Bridge” will take place on Saturday...
On Saturday lows will be between 5 and 10°C, around 7°C in Sofia. Before noon it will be mostly sunny and calm. In the afternoon there will be isolated..
Vice President Iliana Iotova is paying a visit to Grasse, France at the invitation of the town mayor Mayor Jerome Viaud and the local cultural..
Thunderstorms 
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Overcast, rain
Mostly Cloudy
Occasional showers