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.
Burgas will host celebrations marking the 146th anniversary of the Bulgarian Navy , BNR Burgas reported. A military wreath-laying ceremony will take place at 10 a.m. today at the Sailor’s Monument in the Sea Garden . That evening, the Navy’s..
On Wednesday, minimum temperatures will range from 16 °C to 21 °C , with 16 °C in Sofia. It will be mostly sunny during the day, but rain and thunderstorms are expected after noon, mainly in northwestern and mountainous areas. Rain clouds will also form..
The Commission for the Protection of Competition has launched a survey into the market of essential food products to find out the reasons for the increase in the price of the goods. To this end, the antimonopoly body has requested from the retail..
On Saturday minimum temperatures will range between 16° C. and 23° C., for Sofia 16 ° C. During the day there will be sun with a light, in the..
Bulgaria has no confirmed delivery schedule for the remaining six F-16 Block 70 fighter jets it has ordered from the United States , Defence Minister..
Bulgaria ranks third among 30 European countries for healthy life expectancy, according to 2023 data from Eurostat. On average, Bulgarians spend 68.6..
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