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.
After the end of Pope Francis’ funeral ceremony at the Vatican, which was attended by leaders from all over the world, Bulgarian PM Rosen Zhelyazkov noted that Pope Francis had preached peace, justice, equality and fraternity among people. “He..
Young Catholics from all over the country met at the Saint Francis of Assisi church in the village of Belozem, Rakovski municipality, to join, online, the journey of His Holiness Pope Francis to his celestial home. Some of the children who received..
The Bulgarian delegation, led by Prime Minister Rosen Zhelyazkov has arrived in the Vatican where they will attend Pope Francis’ funeral services . Funeral Mass for Pope Francis to be held in Sofia on 28 April Pope Francis appeared..
A peaceful civic protest under the motto “Protecting our children – car procession and blocking traffic on Danube Bridge” will take place on Saturday...
In 2024, the poverty line in the country was €375 per month on average per person in a household. A total of 1,401,300 people, or 21.7% of the population,..
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..
Thunderstorms 
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Overcast, rain
Mostly Cloudy
Occasional showers