Annual average inflation of 11.9% is the government's forecast in the July 1 budget update. The draft is on the finance ministry's website and proposes the government's borrowing limit to be raised to €5bn.
The unfavorable prospects for the budget will severely hamper Bulgaria's accession to the Eurozone in 2024, according to the Annual Report on Economic Development in the country by the Economic Research Institute at the Bulgarian Academy of Sciences .
If the war in Ukraine continues, stagflation is a possible scenario for the Bulgarian economy in 2022 because higher energy prices make exports more expensive and uncompetitive as foreign markets shrink, the report says.
During the night, precipitation will decrease and temporarily stop in Western Bulgaria. Light to moderate winds will blow. Minimum temperatures will be between -4°C and 1°C, with Sofia around -4°C. Tomorrow will be mostly cloudy, with snowfall..
The 40th anniversary of protests by Bulgarian Turks against the so-called "revival process" (a forced assimilation campaign during communism in which people of Turkish descent were ordered to change their names and adopt Bulgarian ones - ed) was..
As Bulgaria marks Father's Day, the Shared Parenting Foundation is organising a protest calling for legal changes to ensure that children of separated parents are raised with the care of both parents. The event will be held under the slogan 'No to..
Bulgaria mourns the loss of life in the crash of the passenger plane of the Azerbaijani airlines in Kazakhstan . This was written by Bulgaria's President..
Bulgarians have set aside between 25 and 150 euros to surprise their loved ones with Christmas gifts, a BNT survey shows. Clothes and electronics are..
On Thursday the weather will be cloudy. Precipitation will continue and will be significant in Central Northern Bulgaria, where snow will fall. Snow..
Cloudy
Rain
Overcast, rain
Значителна облачност със сняг
Wet snow
Rain / Snow