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 largest arms manufacturer in Europe - Rheinmetall, will make 155 mm projectiles in Bulgaria. This is clear from the transcript of a government meeting. The investment in the state-owned armament factory VMZ-Sopot will be with a Bulgarian..
An impressive air show accompanies the festival of hits from the 90s SPICE Music. It is performed for the first time within the framework of this year's edition, on the occasion of the 20th anniversary of the establishment of the..
On August 8, the prices of all goods in stores must also be in euros. The currency conversion must be at the rate of 1.95583, set by the currency board and at which it was accepted that Bulgaria would switch to the European currency...
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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