The annual inflation rate in Bulgaria accelerated for the 12th consecutive month to 10% in February, from 9.1% in the previous month, data of the National Statistical Institute indicate. On a monthly basis, consumer prices increased with 1.4%, amid soaring prices of food and transport.
“We haven't ascertained any serious price distortions. As for the price of sunflower oil, more than 350 inspections were caried out in retail establishments within 3 or 4 days”, Dimitar Margaritov, Chairman of the Consumer Protection Commission, said for the BNR. In his view, there are no grounds for concern and called on Bulgarians to buy wisely.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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