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.
The parliamentary Committee on Health has decided to raise the pay of the people employed at state-run psychiatric hospitals by 50% as of 1 May this year. The MPs tasked two cabinet ministers - of health and of finance – to take the necessary steps,..
The National Assembly is to vote the motion of no confidence in the cabinet of Rosen Zhelyazkov today. MPs discuss vote of no confidence in Rosen Zhelyazkov’s cabinet Rosen Zhelyazkov: We are resilient, so as not to be misled by the..
For the first time, the Day of the Bulgarian Canning Industry will be marked on April 3. The solemn event will take place in the University of Food Technologies in Plovdiv. A round table on the topic "The Canning Industry in Bulgaria..
The President of Bulgaria, Rumen Radev, and the King of Jordan, Abdullah II, are hosting the Aqaba Process Summit, which focuses on the Balkans and brings..
Bulgarians have traditionally had a deep respect and gratitude for domestic animals. For generations, horses, oxen, donkeys and cows have been..
It is 21 years today since the tragedy in the River Lim on the border between Serbia and Montenegro, in which 12 Bulgarian children were killed. On..
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