Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria. Energy prices are expected to start falling after the summer.
The inflation rate prognosis for 2022 is 11.9%, while for 2023 it is 5%. The country's GDP growth for 2022 will plunge to 2.1 percent from 4.2% in 2021. Growth of 3.1 per cent is projected for 2023.
To soften the impact of high energy prices, employers will limit wage increases, freeze job openings and investment, trying to keep unemployment rate below 5 percent.
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important railway junction. To mark the 155th anniversary of its declaration as a town, the local History..
A historical festival in the "Gradishte" area, where the ruins of an early Byzantine fortress are located, is organized today from 10:00 to 22:00 by the Regional Historical Museum - Gabrovo. The event is on the occasion of 105 years..
On Saturday , the lowest temperatures will be between 15 and 23°C. In Sofia - about 18°C. During the day, it will be sunny and hot again. It will be less hot by the sea. There will be light easterly wind. The highest temperatures..
A historical festival in the "Gradishte" area, where the ruins of an early Byzantine fortress are located, is organized today from..
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important..
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