Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent.
In October, the prices of goods and services for entertainment and culture increased by 8.6%; for clothing and shoes - by 8.2%, for education - by 1.8%, for housing, water, electricity, gas and other fuels – by 1.1%. There is a decrease of 0.3% in the prices of transport and basic fuels, while those of home furnishing remain unchanged.
Meanwhile, the European Commission announced its autumn economic forecast, according to which inflation in Bulgaria will fall by more than 6% this year compared to 2023. The gross domestic product, on the other hand, will reach a growth of 2.4%. In the previous year the growth was 1.9 percent.
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
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