An overall economic upturn in Bulgaria has been registered in 2016 and 2017, in unison with the upturn in Europe, a survey by the Institute for Market Economics reads.
In 2016 economic growth reached 3.9 percent, in 2017 the official forecast is for a 4 percent growth rate. The employment rate for the 15 to 64 age bracket stands at a record high – 68.5 percent. The growth of the economy and the stable increase in salaries has had its effect on living standards. Nonetheless, the share of the population living below the national poverty line has remained stable, ranging from 21 to 23 percent. The declining demographic picture in the country places a natural restraint on the growth potential of the Bulgarian economy. For two and a half years the real growth rate has not been able to exceed 4 percent, year-on-year. According to recent EC and IMF analyses, which include Bulgaria, the economy is either already functioning at the level of its potential, or is close to it.
Saturday will be mostly sunny. Scattered high clouds will appear over western areas in the afternoon. Light winds will blow from east-northeast. Maximum temperatures will be between 18° and 23°C, around 20°C in Sofia. In the mountains it will be..
At midnight today, the campaign for the general election, to be held on Sunday 27 October, officially ends . Saturday is a day of silence. As of 23 October, 21 of the 28 parties and coalitions had signed contracts for media coverage of their..
Lawyers in Sofia, Burgas, Ruse and other cities have come out to protest against what they say is an illegitimate procedure for the election of the Prosecutor General. The election process should be stopped and a new SJC should elect a reputable and..
BGN 1,454 (EUR 738) per month is needed for a working person to be self-sufficient and live according to Bulgarian standards. For a family of three,..
Cows locked in a lorry have been stranded for six days in the buffer zone between the Kapitan Andreevo and Kapikule border crossings. Two of the..
Bulgaria is hosting the annual meeting of the ECTAA - European Travel Agents' and Tour Operators' Association - the largest event of the institution that..
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