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.
Bulgarian Patriarch Daniil led the Christmas service in the capital's St. Alexander Nevsky Cathedral. In the festive litury, he called on believers to make sense of wisdom following the example of the three wise men who came to worship the Savior and..
Merry Christmas, dear compatriots! On today's great Christian holiday, I wish every Bulgarian home to be filled with health and well-being. This is what Bulgarian President Rumen Radev wrote on Facebook. "Let us preserve a piece of the warmth of..
Traffic at the border crossings with Romania and Turkey is intense, the Bulgarian Border Police reported. Traffic with Romania is intense at Kardam border crossing at the exit for trucks. Due to major repairs to the Bulgarian section of 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..
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