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.
In the first four months of the year, export of goods from Bulgaria to the European Union decreased by 4.2% compared to the same period last year and amounted to 8.6 million euros, BGNES reports, quoting data from the National..
An operation by the General Directorate Combating Organized Crime and the Supreme Cassation Prosecutor's Office has uncovered the largest illegal cigarette factory to date, Radio Stara Zagora of the Bulgarian National Radio has..
Albania is extremely committed to security and peace in the region, said the Speaker of the Albanian Parliament, Elisa Spiropali, who is on an official visit to Sofia. After a meeting with her Bulgarian counterpart Natalia Kiselova,..
Sofia will now have night public transport connecting the centre with Vasil Levski Airport , according to the press centre of the Sofia Municipality...
A global leader in the production of robotic and minimally invasive surgical equipment has officially opened a new manufacturing facility in Parvomay ,..
“Prime Minister Hristijan Mickoski’s narrative will be left to those familiar with Aesop’s fables,” Bulgarian Prime Minister Rosen Zhelyazkov commented..
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