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OECD expects inflation in Bulgaria to slow from 9.5% in 2023 to 3.0% in 2024

The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..

published on 5/2/24 5:42 PM

Zero VAT on flour and bread extended until end of 2024

MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..

published on 4/30/24 6:09 PM

The price of natural gas is expected to fall in May

Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..

published on 4/29/24 12:44 PM
Bulgarian National Bank building

EUR 102 million in new debt will probably be taken out in mid-May

200 million Leva (over EUR 102 million) of new debt is expected to be taken out on 13 May this year, according to the Bulgarian National Bank website. This is the date on which an auction has been announced for 6-month treasury bonds with an annual..

published on 4/27/24 4:24 PM

Fitch Ratings affirms Bulgaria's long-term foreign-currency Issuer Default Rating

Fitch Ratings has affirmed Bulgaria's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB' with a positive outlook. Bulgaria intends to request a reassessment of its progress on convergence criteria in 2H24, which should allow for..

published on 4/27/24 1:03 PM

More than 1/5 of Bulgarians live below the poverty line

The poverty threshold in Bulgaria was BGN 637.92 (EUR 323) per person per month in 2023. This is an increase of 21.3 per cent compared with the previous year , when the indicator was BGN 525.92 (EUR 266), the National Statistical Institute said.  I..

published on 4/26/24 1:37 PM
The Vienna Economic Forum - Sofia Meeting 2024

Caretaker PM Dimitar Glavchev with an address to the Vienna Economic Forum - Sofia Meeting

“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..

published on 4/22/24 10:24 AM
Adrian Nikolov

Salaries in industry will catch up with the pay in the IT sector

In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..

published on 4/19/24 10:32 AM
Dimitar Radev

Dimitar Radev: Joining the Eurozone later in 2025 is a possible scenario

Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..

published on 4/18/24 10:27 AM

Tsveti and her buffaloes of the Bulgarian Murrah breed

She is beautiful, young and educated and has the qualities for a successful career on the catwalk or in the advertising business! But she chose to raise buffaloes in a Bulgarian village. Tsvetelina Nedkova graduated with honors from..

published on 4/16/24 3:06 PM