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 27 December 2024, it is 21 years since the truck bomb attack on the India base in Karbala , Iraq. As a result of the explosion, five soldiers of the first Bulgarian military contingent, which took part in the stabilisation and reconstruction operation,..
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..
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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