An overall economic upturn in Bulgaria has been registered in 2016 and 2017, in unison with the upturn in Europe, a survey by the Institute for Market Economics reads.
In 2016 economic growth reached 3.9 percent, in 2017 the official forecast is for a 4 percent growth rate. The employment rate for the 15 to 64 age bracket stands at a record high – 68.5 percent. The growth of the economy and the stable increase in salaries has had its effect on living standards. Nonetheless, the share of the population living below the national poverty line has remained stable, ranging from 21 to 23 percent. The declining demographic picture in the country places a natural restraint on the growth potential of the Bulgarian economy. For two and a half years the real growth rate has not been able to exceed 4 percent, year-on-year. According to recent EC and IMF analyses, which include Bulgaria, the economy is either already functioning at the level of its potential, or is close to it.
Overnight it will be clear. The wind will die down in most areas. After midnight along the Danube River, in lowlands and near rivers fogs will form and visibility will be reduced with low clouds. Minimum temperatures will be between minus 3°C and 2°C,..
The ambassadors of the EU Member States have reached a preliminary agreement on the draft decision to abolish checks at internal land borders for Bulgaria and Romania. This is planned to happen on January 1, 2025. The decision is expected to be finally..
Shopping malls in Sofia and across the country will increase the number of security guards where needed. Additional panic buttons are also to be put in place if retailers wish, the Bulgarian Retail Association said. Groups of suspicious persons will be..
According to unofficial information, the Hungarian Presidency of the Council of the EU has drafted a decision for the full admission of Bulgaria and..
The first marble statue discovered in the ancient city of Heraclea Sintica on 3 July, is probably of Lucius – grandson of Roman Emperor Octavian..
The Bulgarian Hotel and Restaurant Association (BHRA) presented its annual awards for professional achievements in the field of tourism. The Bulgarian..
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