In 2020, the Bulgarian economy contracted by 4.6%. In 2021, it is set to rebound and grow by up to 3.6%, reads the conclusion of experts from the International Monetary Fund made within the traditional consultations.
IMF recommends that Bulgaria adopt flexible policies to mitigate the shock of the coronavirus pandemic, which led to an increase of this country’s budget deficit. Meanwhile, Bulgaria should monitor the situation regarding non-performing loans. IMF calls on Bulgaria to continue the fight against corruption and improve the business environment.
“The two convergence reports are a joy for those in power and a concern for the people, because every Bulgarian knows that the officially declared inflation is 2.7%, but in reality it is much higher.” This was what President Rumen..
On Sunday, the lowest temperatures will range from 12°C to 17°C, around 12°C in Sofia . It will be sunny and hot during the day. Cumulus clouds will develop in the afternoon hours mainly over the mountains, with a chance of isolated showers in some..
''The reports by the European Commission and the European Central Bank justify all the concerns and reservations expressed by President Rumen Radev when he proposed a referendum on the euro'', Vice President Iliana Iotova said at the Iliеva..
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose..
"I have sent letters to all presidents and prime ministers of EU member states, in which I describe the real situation in our country — inflation, the..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the..
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