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.
Bulgaria’s Executive Agency for Bulgarians Abroad (EABA) will hold an awards ceremony for the winners of three annual international competitions for children and young people from the Bulgarian diaspora. The recipients of the Stefan Getchev..
The Church of the Transfiguration of the Lord in Borovets - the only wooden church in Bulgaria, marked its holiday today. A liturgy was served by Bishop Gerasim of Melnik. The Speaker of the National Assembly, Natalia Kiselova, was among the official..
On Thursday, minimum temperatures will range from 14 to 22°C, reaching a low of 14°C in Sofia. It will be mostly sunny during the day , with temporary cloud cover and brief showers in the mountains. There will be light to moderate winds in the east of..
For the first 7 months of 2025, compared to the same period in 2024, electricity exports from Bulgaria have been growing. This was..
President Rumen Radev has returned amendments to the State Property Act to Parliament for further discussion, the President’s press office announced. The..
We expect the governments of Belgium and the Netherlands to decide soon on the acquisition of their decommissioned mine hunters by..
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