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.
Vice President Iliana Iotova met with Mayor of Los Angeles Karen Bass. Iotova paid a visit to the American city on the occasion of the opening of the exhibition "Ancient Thrace and the Classical World. Treasures from Bulgaria, Romania..
The Deputy Speaker of the Parliament of North Macedonia, Vesna Bendevska, has reported to the Prosecutor's Office in Bitola that the Bulgarian cultural club "Ivan Mihailov" in the city continues to function, despite its deletion from..
A meeting of representatives from four clubs of the Macedonian Patriotic Organization (MPO) in the USA and Canada, took place in Indianapolis. The meeting included the clubs of "Pirin" (Chicago), "Bistrica" (Cincinnati), "Todor..
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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