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.
Bulgaria and Vietnam will work to further deepen bilateral economic exchanges and mutual investments, President Rumen Radev and Vietnam's Minister of Industry and Trade Nguyen Hong Dien said. Nguyen Hong Dien is also chair on the Vietnamese side of..
The Man of the Year 2023 award ceremony will be held tonight. The nominees are national basketball player Aleksandar Vezenkov, who plays in the National Basketball Association, writer Georgi Gospodinov, whose novel "Time Shelter" became the first..
An international conference "Bulgaria in the euro area, when?", devoted to the key topic of Bulgaria's accession to the euro area, the prospects and the necessary reforms for this to happen, will be held on 14 May in Sofia . Its organisers are the..
Caretaker Energy Minister Vladimir Malinov has admitted the possibility that electricity for households might rise in price from 1 July this year . The..
The 16th edition of the Specialized Agricultural Exhibition BATA AGRO will be opened today in the presence of Bulgaria's Minister of Agriculture..
The Bulgarian Association of Health Care Professionals insists that the Bulgarian state should set a minimum number of nurses in each health care facility..
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