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.
A contract for the purchase of 35 electric multiple units (EMUs) has been signed at the Council of Ministers. This is the largest order placed by the Bulgarian state in the last 20 years and the largest investment in rolling stock, announced Transport..
If we delay and do not reorganize and modernize our arms industry, in 5-6 years it will be exotic for the European arms market. This is a major challenge", said Bulgaria’s Minister of Defense Atanas Zapryanov during the discussion “The Hague 2025:..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark Rutte. For the first time, the country has met the NATO target set in 2014, which requires each..
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..
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