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 Bulgarian National Bank is issuing a new silver commemorative coin from the “Bulgarian National Revival” series , the institution announced today. This time the coin is on the theme of “175 years since the birth of Zahari Stoyanov”. The..
On Monday it will be mostly sunny, over the mountainous regions – with insignificant cumulus clouds. A light to moderate wind will blow from the east-northeast. The minimum temperatures will be between 1°C and 6°C, and the maximum – between..
The former leader of the Bulgarian Socialist Party, Kornelia Ninova, has founded her own party under the name "Unyielding Bulgaria." The goal of the formation is to offer an alternative to the current ruling model. "We cannot accept the..
Bulgaria’s President Rumen Radev discussed ways to boost trade and investment between Bulgaria and Poland during a meeting with representatives of..
In an open letter to Prime Minister Rosen Zhelyazkov and the Ministers of Agriculture, Finance and Economy, the Bulgarian Farmers' Union calls for new..
The Bulgarian National Radio (BNR) is successfully integrating artificial intelligence into its programmes. The public radio’s news is now read by an AI..
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