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.
Around mid-January, we are expected to fulfil the last criterion for the eurozone, which will allow us to submit the convergence reports to the European Central Bank and the European Commission, caretaker Prime Minister Dimitar..
Caretaker Minister of Energy Vladimir Malinov has confirmed that Hungarian company MOL will participate in the auction for the sale of Lukoil Neftochim. His words came in response to a statement by Prime Minister Viktor Orban, made a..
In a statement to the media, party leader Delyan Peevski announced that he had sent a letter to the Alliance of Liberals and Democrats for Europe, in which he announced the decision of DPS-New Beginning to terminate its membership in ALDE. It was taken..
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..
In the Sofia region, residents of the capital's Dragalevtsi district, the villages of Kiliite, Simeonovo-Dragalevtsi and Yarema, and the villages of..
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..
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