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.
On Saturday, most of the country will be covered with clouds . There will be light snow showers, especially in central and eastern areas of Northern Bulgaria. During the day, clouds will break over Western Bulgaria. Light to moderate north-north-westerly..
Caretaker Minister of Energy Vladimir Malinov has ordered that by the end of the day, problems with the electricity supply in settlements affected by the winter conditions should be eliminated and the power supply should be restored. “In case..
A woman in a serious condition was transported by helicopter from Blagoevgrad to Sofia, a distance of 100km, the Health Ministry said. The patient fell into a coma after suffering a stroke and was admitted to St. Anna University Hospital for Active..
In the Sofia region, residents of the capital's Dragalevtsi district, the villages of Kiliite, Simeonovo-Dragalevtsi and Yarema, and the villages of..
Caretaker Minister of Energy Vladimir Malinov has ordered that by the end of the day, problems with the electricity supply in settlements affected..
As Bulgaria marks Father's Day, the Shared Parenting Foundation is organising a protest calling for legal changes to ensure that children of separated..
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