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.
A total of 249 projects for electricity generation from renewable sources and electricity storage, worth about 268.9 million euros will be financed under the National Recovery and Resilience Plan, the Ministry of Energy reported. The..
Today, 3 November, is International Day for Biosphere Reserves, declared by UNESCO’s Man and the Biosphere programme. On this occasion, as of the second half of October, the regional departments of the Ministry of Environment and Water launched a..
Today, Vice President Iliana Iotova is opening the exhibition “Ancient Thrace and the Classical World: Treasures from Bulgaria, Romania, and Greece” at the Getty Museum in Los Angeles, the presidential press service has announced. Bulgaria,..
Over 1/3 of the cases of African swine fever among wild boars in Europe have been registered in Bulgaria , the Association of Pig..
An engineering contract for the construction of new capacity at the Kozloduy Nuclear Power Plant (NPP) has been signed by NPP Kozloduy - New Capacities..
17 drifting mines have been discovered and destroyed in the Black Sea by the Naval Forces of Bulgaria, Romania and Turkey since the beginning of the war..
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