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.
Bulgarian politicians took to social media to congratulate Donald Trump on his election as President of the United States. President Rumen Radev was among the first Bulgarian leaders to tweet congratulations to Donald Trump on his election..
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President Rumen Radev at the solemn celebration of the Metallurgist's Day in Sofia, which was held under the..
On Wednesday morning, visibility will be reduced in some places in the valleys, plains and along the Black Sea coast. Minimum temperatures will range between minus 3 and 2°C, around minus 2°C in Sofia. During the day it will be sunny with highs between..
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov..
Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim..
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President..
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