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.
Prime Minister Dimitar Glavchev ordered the Ministry of Environment and Water to take measures to deal with the problem of water scarcity in various regions of the country. He recommended that additional experts and scientific..
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov said. Together with the Chief of Defense Adm.Emil Eftimov, the minister was present at the Mausoleum..
The Ivan Mihailov Cultural Club in Bitola has been removed from North Macedonia’s Central Registry, but the spirit of Ivan Mihailov lives on in the people, and a "legal battle" is underway in court to restore the name, the association’s chairman..
A protest organized by nationalist organizations in front of the Ivan Vazov National Theatre last night against the premiere of Bernard Shaw’s play..
There Is such a People (ITN) has collected 67 signatures and are submitting a complaint to the Constitutional Court for the partial annulment of the..
A second night of protests took place outside the Ivan Vazov National Theatre in Sofia, but this time there were no physical confrontations. The protest..
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