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Economy

Bulgaria’s tourism industry expects good summer season

Tourism industry experts expect a good summer season, despite the Covid-19 pandemic of the last two years and the current military conflict between Russia and Ukraine. Prices of all-inclusive packages have slightly increased, but attractive offers can be counted on throughout the summer season....
Cabinet discussed economic growth in Bulgaria with representatives of the World Bank
Cabinet discussed economic growth in Bulgaria with representatives of the World Bank
An ambitious scenario for significant growth of the Bulgarian economy was outlined by Prime Minister Kiril Petkov during a meeting with representatives of the World Bank on June 6. The discussion...
Finance Minister Vassilev announced the parameters of proposed budget update
Finance Minister Vassilev announced the parameters of proposed budget update
The proposed budget update was discussed on June 3 by the ruling coalition. Some of the partners came in with ideas for more anti-crisis measures. Others, however, said that the update mainly...
Cherry crop in Kyustendil is smaller by 30% to 50% this year
Cherry crop in Kyustendil is smaller by 30% to 50% this year
The unfavourable weather conditions has affected the cherry crop. In the region of  Kyustendil, famed for its cherries, yields are 30 to 50 percent lower than last year. Thus,...
Potential investments in the automotive industry for BGN 2 billion could create 4,000 jobs in Bulgaria
The automotive sector is the fastest growing sector, President Rumen Radev pointed out, but the country's potential in this area is poorly...
Bulgaria does not yet meet the criteria to adopt the euro
Bulgaria is still not ready to adopt the euro, the European Commission reported on June 1. The country does not meet the price stability...
Record high inflation in the Eurozone. Bulgaria among the countries with the highest price increase in the EU
Energy prices were the biggest contributor to the rise in headline inflation in the euro area in April. There, the rise was 38% on an annual...
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