The decision of Great Britain to leave the European Union will slow down economic growth in Bulgaria and as a result the budget deficit is likely to go up, Unicredit Bulbank has said. According to the bank the shock of Britain’s decision will cause a slowdown of economic growth in Bulgaria by 0.2 percent this year and by 1.1 percent next year. In the latest Ministry of Finance outlook, growth will reach 2.1% in 2016 and 2.5% in 2017. The bank’s analysts argue that Bulgarian exports will suffer most from Brexit. Investments will be affected too though not so strongly. A more limited effect is expected on the financing of the government and on the economy as a whole.
The governor of the Bulgarian National Bank (BNB) warned in an interview with Bloomberg that politics is becoming a major source of instability and risk for central banks, rather than a factor of stability as it used to be. According..
Online Bulgarian language courses for adults are organized by the Bulgarian Center of New England, the center's Facebook page informs. The classes will take place on the Zoom platform with cameras turned on - "think of it as a..
In the midst of the active summer season, when the number of travellers in the country is increasing, unlicensed web sites sell vignettes at high prices. The prices are misleadingly displayed only in euros and high additional fees..
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In meetings with executives from Meta, Clean Energy Buyers Association (CEBA) and IP3 Corporation, Bulgarian Minister of Energy, Zhecho..
In the midst of the active summer season, when the number of travellers in the country is increasing, unlicensed web sites sell..
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