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.
On Friday, the minimum temperatures in Bulgaria will be from 7 to 12°C. In Sofia, it will be around 10°C. During the day, the cloudiness over the western and central regions will be broken and decrease to mostly sunny spells. After lunch, clouds will..
The explosions at a UN guesthouse in Gaza on March 19, which killed Bulgarian UN staffer Marin Marinov and seriously injured five others, were most likely caused by two Israeli tank shells. Marin Marinov is the Bulgarian who died in the attack..
The cabinet headed by Rosen Zhelyazkov survived the second vote of no confidence. It was submitted by the MECH party, with the support of "Vazrazhdane" and "Velichie" parties due to its failure to deal with corruption. MECH files vote of no..
Exactly at midnight, the Patriarch of the Bulgarian Orthodox Church Daniil announced the Resurrection of Christ and greeted the Bulgarians with “Christ is..
“Today, united by the power of our faith in the redemptive sacrifice of Jesus Christ, we celebrate together again and are inspired by His Resurrection...
Citizens will tonight show their solidarity with the Roma families from the Zaharna Fabrika neighbourhood in Sofia who were left homeless after their..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain