Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria. Energy prices are expected to start falling after the summer.
The inflation rate prognosis for 2022 is 11.9%, while for 2023 it is 5%. The country's GDP growth for 2022 will plunge to 2.1 percent from 4.2% in 2021. Growth of 3.1 per cent is projected for 2023.
To soften the impact of high energy prices, employers will limit wage increases, freeze job openings and investment, trying to keep unemployment rate below 5 percent.
The Egyptian company Antica World will today present an architectural project for the reconstruction of the TSUM - Central Universal Department Store in the centre of Sofia. The company will take over the transformation and management of one..
Most of the country will be cloudy on Thursday . Showers will occur in the afternoon in the south-west and in isolated places in the north-east. Minimum temperatures will range from 9°C in the west to 15°C in the east, 12°C in Sofia. Highs will be..
The Council of Ministers has granted the Kozloduy Nuclear Power Plant a derogation from the European regulation on restrictive measures in light of Russia's actions in Ukraine. With this derogation, Bulgaria's only nuclear power plant and its largest..
MEP Elena Yoncheva is in the city of Sanaa, Yemen, aiming to reach the port city of Hodeidah on the Red Sea. There lies the hijacked ship Galaxy Leader,..
Gorna Oryahovitsa will host a review of amateur creativity and a Festival of military brass bands of the Ground Forces. From September..
Bulgarian Minister of Defense Atanas Zapryanov takes part in the B9 Defence Ministers Meeting, chaired by Romania and Poland. The forum..
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