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 dialogue between employers and trade unions has been restored. Consultations will begin tomorrow at the Ministry of Finance to iron out all the details. The state is committed to supporting every Bulgarian citizen.' This was written by GERB leader..
Bulgarian citizens traveled abroad 829,300 times in October, which is 15% more than in October 2024 , according to the National Statistical Institute. The most popular destinations were Turkey, Greece, Serbia, Romania, Germany, North Macedonia,..
The National Assembly has introduced a new requirement for state-owned enterprises to implement corruption risk management systems, which will also include appointing an integrity officer. The measure is recommended by the Organisation for Economic..
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