All News on Economics in Bulgaria
Bulgaria’s Finance Ministry expects Average Annual Inflation of 12.6%
The average annual inflation is expected to be 12.6%, announced the Acting Finance Minister Rositsa Velkova. She presented the preliminary calculations of the macroeconomic forecast until 2025.
Next year, inflation will slow down to 5.8%, expect from the Ministry of Finance.
"Economist": A Recession in Europe is Inevitable, Bulgaria will be among the Most Affected
Recession in Europe in the winter of 2022-2023 due to the energy crisis is now inevitable. Bulgaria will be one of the countries that will suffer because of the shrinking demand for its products in the EU.
EC: Inflation in Bulgaria will reach 12.5%
Inflation in Bulgaria will accelerate to 12.5% in 2022 due to higher energy and food prices and the indirect impact of higher energy prices for businesses on headline inflation. This is what the European Commission predicts for Bulgaria in its summer forecast.
When can Bulgaria Join the Eurozone?
Inflation, measures and how the euro will be adopted - these were the topics that MPs from the Budget Committee in Parliament discussed with economists and experts.
Bulgaria: Over 12% is the Annual Inflation in March
The annual inflation for March 2022 compared to March 2021 in Bulgaria is 12.4%, according to the National Statistical Institute.
The consumer price index for March 2022 compared to February 2022 is 102.2%, i.e. monthly inflation is 2.2%, Inflation since the beginning of the year (March 2022 compared to December 2021) is 5.2%.
Bulgarian Financier and TISP MP: The "Green Certificate" can Slow Down the Economy
One way to deal with high inflation is to support production and introduce tax breaks. Reducing VAT on food will increase collection and brighten the industry. The introduction of a "Green Certificate" at around 20% vaccination is a mistake that can lead to a slowdown in economic development.
Bulgaria: The Price of Sunflower Oil is Expected to Decrease
I expect the price of sunflower oil to fall at some point, because the harvest is very good worldwide. This was announced on the air of Radio Stara Zagora by Vladimir Ivanov, Chairman of the State Commission on Commodity Exchanges and Markets.
Bulgarians Should Brace for Hard Winter Crisis Similar to Winter of 1997
The name of the person who currently keeps social peace in Bulgaria is Ivan Ivanov, head of the Energy and Water Regulatory Commission. The snowball, however, has got rolling and cannot be stopped.
Is Bulgaria In For Higher Staples Prices as Gas Prices Rocket
In the studio of "Hello, Bulgaria" talkshow financier Emil Harsev and economist Stoyan Panchev commented on whether Bulgaria should expect a new leap in the prices of staples due to the appreciation of natural gas.I expect the prices to rise tby over 12 %. Harsev predicted.
Three Scenarios for the Мacroeconomic Consequences in Bulgaria of Fighting COVID-19
The Institute for Economic Research at the Bulgarian Academy of Sciences proposes three scenarios for the macroeconomic consequences in Bulgaria of fighting COVID-19, the Academy reported.
Eurostat: About 4% of Working Bulgarians were Engaged in Temporary Employment
Bulgaria is among the five EU countries with the lowest proportion of temporary employment, according to Eurostat's analysis of European Union labor market trends in the past year.
Bulgaria is at the Forefront of Gender Equality Ranking in Labor Law
"The world economy today is $ 160 trillion poorer, because women in the world are still not completely equal with men, which I call one of the most expensive problems mankind faces." With these words, World Bank Chief Executive and World Bank President Kristalina Georgieva launched the forum, where the report "Women, Business and Legislation 2019: A Decade of Reforms" was presented, reports Cap
CITUB Calls on State Authorities to Make Electricity Market More Predictable
At an extraordinary sitting of the National Council for Tripartite Cooperation employers and syndicates voiced their concern with the situation on the electricity market and the substantial increase in the price of electricity for industrial consumers, reported the Bulgarian National Radio.
Production Prices are Jumping 6.8% in a Matter of Just One Year
The National Statistical Institute reports a robust rise in producer prices in June this year compared to the same month of 2017. The total producer price index in June increased by 6.8% on an annual basis, which is a prerequisite for accelerating consumer inflation in Bulgaria.
1/3 of Homes and Apartments in Bulgaria are Uninhabited
Nearly 1.2 million homes in Bulgaria are uninhabited. This is approximately 1/3 of the total number of homes in Bulgaria. In the capital, the "dark windows" are close to 24%, but in rural areas the percentage is far higher - up to 43, reports sega.