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.
The 22nd edition of the charity initiative Bulgarian Christmas under the patronage of President Rumen Radev continues. This year the campaign supports children with serious chronic diseases. By the end of last night's charity performance at the Ivan..
The opening of the ski season on Vitosha - the mountain at the foot of the Bulgarian capital Sofia - was scheduled for today. However, the roads to the mountain are currently blocked due to heavy snowfall . Snowploughs are clearing the snow, but..
On Thursday the weather will be cloudy. Precipitation will continue and will be significant in Central Northern Bulgaria, where snow will fall. Snow will also fall in the high valley fields in Western Bulgaria and the Western Fore-Balkans. In the..
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..
Occasional showers
Snow
Cloudy
Rain / Snow
Wet snow
Cloudy
Scattered showers