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PM Kiril Petkov during his visit to Ukraine

War, gas, prices: Is the future of the Bulgarian government uncertain?

As crisis after crisis pummels the government of Prime Minister Kiril Petkov - an unlikely coalition of four parties that do not see eye to eye on a host of critical issues - many are saying the cabinet may fall, some are even talking of early..

29.04.22 14:48 |
Finance Minister Assen Vassilev

12.4% annual inflation increase in March

The annual inflation rate has accelerated in March for the 13 th consecutive month, reaching 12 . 4% as compared to 10% in February, reaching its highest level since 2008, National Statistical Institute data show. Within the space of just..

19.04.22 14:54 |

IMF: Inflation in Bulgaria to reach double digits

In an uncertain environment, economic policies need to deal with significant challenges. While the recovery from the pandemic-induced crisis was getting hold, the war in Ukraine is expected to have a significant economic impact, including by..

15.04.22 16:03 |
MP Martin Dimitrov

Democratic Bulgaria proposes a package of anti-crisis measures

Democratic Bulgaria will submit a proposal to the country’s Parliament to raise the VAT registration threshold as of the beginning of 2023, which would bring prices and inflation down, MP Martin Dimitrov announced. Late payment interest rates..

14.04.22 13:35 |

Will the Recovery and Resilience Plan be able to boost Bulgaria’s economy?

Economist Stoyan Panchev : Against the backdrop of inflation in the Eurozone and insecurity over the war in Ukraine, we should be in no hurry to replace the Bulgarian Lev with the Euro Bulgaria’s Recovery and Resilience Plan has been..

07.04.22 12:04 |
Assen Vassilev

Cabinet drafts urgent anti-crisis measures to fight inflation

The government is preparing a new package of anti-crisis measures to support citizens and businesses , Finance Minister Asen Vassilev said. "Since the adoption of the budget and since the beginning of the war in Ukraine, we have had..

06.04.22 16:19 |

Getting a grip on energy carrier prices is not enough to harness inflation

It has been one month and 10 days since we have been living in the new reality of the war in Ukraine. The extent of the changes is yet to be seen, yet society will have to adapt to them as quickly as it can. Such a transformation will, without..

04.04.22 14:08 |

Natural gas price jumps 13% and continues to pump inflation up

In April, the price of natural gas will rise by about 13% instead of the 58% previously requested by Bulgargaz, according to estimates by the Energy and Water Regulatory Commission. The final rise will become clear on April 1. In..

30.03.22 13:34 |

85% of Bulgarians not happy with inflation rate and low incomes: Survey

The public in Bulgaria gives the four-party coalition government 3.57 out of a maximum of 6 points after its first 100 days in power, indicates an Alpha Research survey commissioned by public service TV BNT. 53% of the respondents say they do..

23.03.22 13:53 |
Assen Vassilev

Assen Vassilev: Bulgaria’s government has developed an action plan should Russian gas stop flowing into the country

Bulgaria will change the macroeconomic framework of the state budget because of the war in Ukraine, Deputy Premier and Minister of Finance Assen Vassilev said . The government is plannning to set aside buffers to cope with the refugee..

15.03.22 15:08 |
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