“The International Monetary Fund upped its growth forecast for the Bulgarian economy to 3 percent of the country’s GDP; to this moment expectations were of a 2.3 percent contraction,” said Reza Baqir, head of the regular IMF mission in Bulgaria at a meeting with Prime Minister Boyko Borissov.
Reza Baqir reiterated the good rating given bank assets as well as the stress tests of the commercial banks in Bulgaria by the IMF’s experts. In his words the results of this unprecedented procedure indicate that the Bulgarian financial system is stable and secure and the institutions regulating and monitoring banks are working to top international professional criteria. The principal economic risks the country faces are the demographic picture and the big economic and social imbalances between individual regions in Bulgaria, the IMF points out.
From July 10 to September 14, Bulgaria’s capital will live to the rhythm of Sofia Summer Fest. In tune with the summer season, the events take place outdoors – in South Park II, behind the Earth and Man National Museum. The sixth edition of the..
The Chairman of the Security Services Control Committee, Atanas Atanasov, has summoned its members to a meeting today. A day after the official "yes" to Bulgaria's accession to the eurozone on January 1, 2026, the MPs will hear the..
On Thursday, the lowest temperatures will be between 11 and 19°C. In Sofia it will be 13°C. During the day the cloudiness will be variable, decreasing to sunny over many areas. There will be short showers only in the mountains of..
Two helicopters from the Bulgarian Air Force are participating today in the firefighting operations in the Rila Monastery area . A Mi-17 helicopter with a..
Over 500 employees of state forestry and hunting farms have gone out in protest at kilometer 119 of the Trakia highway. They have currently gathered at..
Bulgaria's President Rumen Radev is on an official visit to Zagreb, Croatia, at the invitation of his counterpart Zoran Milanović. Among the topics to..
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