Officially, the total inflation in Bulgaria for the past two years stands at over 28%, and it has impacted every household in Bulgaria. Against the backdrop of this figure, the trade unions in the country are demanding that all people, whose salaries..
The Ministry of Finance approved a concept of a draft bill of the state budget for 2023, according to which a deficit of 3% will be attained by raising some taxes, dropping preferential VAT as of mid-2023, and raising toll fees, as well as raising..
Annual inflation in Bulgaria has gone up more than four-fold in 2022 as compared to 2021, Eurostat data show. In 2022, EU annual inflation reached the highest level ever measured at 9.2%. Compared with 2021, when the annual value was 2.9%, it more..
Mass retail chains in Bulgaria are currently putting an 80-90% markup on food products , caretaker Economy Minister Nikola Stoyanov told Nova TV. The caretaker cabinet is planning to introduce a "ceiling" on the trade markup of up to 20 or 25% ...
Bulgaria will not be able to join the Eurozone at the beginning of 2024, because it has not adopted three crucial bills and does not meet the inflation criterion. According to experts, the country may adopt the single currency in mid-2024 at the..
In its winter economic forecast, the European Commission gives a better economic outlook for Bulgaria than it did in its autumn report. Overall, real GDP is estimated to have increased by 3.9% in 2022, instead of the expected 3.1%. In 2023, real..
“Inflation in Bulgaria is much higher than the average in Europe. It is a matter of time for the prices to start turning back,” Minister of Economy in the caretaker cabinet Nikola Stoyanov said for the BNR. Wholesale prices are calming..
Bulgaria has become a factor in the Balkans and Europe through partnerships that strengthen economic and energy security. They are in the interest of our neighboring countries, partners and allies in the EU and NATO, said Bulgarian President Rumen..
The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade. For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to..
The expenses of Bulgarian households have risen dramatically. For a year, the sum needed for a family of three to cover the cost of living has increased by about BGN 366 (185 euros) and the necessary net monthly income reaches BGN..
