Tag:inflation

Bulgaria to Increase Pensions by 9.6-9.7% from July 2025, Introduces Reform Proposals

This move is aimed at bolstering pensioner incomes amidst rising living costs. The Ministry also confirmed that the COVID supplement would remain applicable to newly granted pensions next year, despite calls for its removal

Wholesale Food Prices Rise Across Bulgaria, Grapes and Cucumbers See Sharpest Increases

The market price index (ITC), which tracks wholesale food prices in Bulgaria, rose by 0.33 percent, reaching 2,158 points compared to 2,151 points the previous week. The ITC’s base level of 1,000 points was established in 2005

EWRC Proposes Adjustments: Electricity Rates to Rise, Heating Costs to Drop from July 1

According to the proposed adjustments, consumers can expect a 1.4% average increase in electricity rates, while heating costs are projected to decrease by 8.4% across the nation. These proposals are grounded in the task force's report dated May 31, which incorporated all relevant data up to the end of May.

Ivalyo Mirchev explains six advantages of adapting Eurozone, debunks six myths linked to euro adoption

Ivalyo Mirchev, a member of the Bulgarian National Assembly, outlined the six advantages of Bulgaria joining the Eurozone. Bulgaria is anticipated to join the Eurozone on January 1 2024, making the euro the country's secondary currency after the lev served as the sole legal tender for more than 140 years

Bulgaria Will Not Join Eurozone in 2024

Bulgaria planned on joining the Eurogroup of euro area finance ministers in 2024. Still, the Eurogroup has recently rejected the plan because Bulgaria still needs to implement the necessary legislation and has been unable to control inflation

Bulgaria among 13 EU countries with high inflation rate than UK

Since October 2022, 13 EU states have seen more inflation than the UK, according to Robert Kimbell, Technical Specialist Client Assets, with Bulgaria coming in sixth

Bulgaria: Healthcare expenses severely affected by inflation, expects more growth in 2023

Since the Russia-Ukraine crisis, Bulgaria has been suffering from ongoing inflation. Daily requirements have increased by up to 30% throughout Europe as much as other prices for goods. Healthcare expenses are severely impacted by inflation in Bulgaria

World Bank: Russia’s invasion of Ukraine is obstructing post-pandemic economic recovery in Europe and Central Asia

The world bank recently released the latest economic report in which they mentioned that the ongoing conflict in Ukraine had obscured hopes for post-pandemic economic recovery for rising and developing economies in Europe and Central Asia

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Karlos Nasar Named Best Weightlifter in the World for 2024

Nasar’s dominance in the sport was cemented by his triple crown victory, securing Olympic, world, and European championship titles in a single calendar year. He credited his triumph to relentless dedication, the support of his coaches, and the encouragement of his fans
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Bulgaria Braces for Snow and Freezing Conditions Amid Holiday Weather Shift

The day will see increasing cloud cover, with rain spreading from Western Bulgaria to Central Bulgaria by evening. In the western regions, the rain will gradually turn to snow as temperatures drop

Bulgaria’s Winter Resorts Face Personnel Shortage and Parking Challenges, Tourism Minister Warns

The lack of parking at Pamporovo has raised concerns about its environmental impact, as Miloshev pointed out that the congestion caused by parked cars detracts from the resort’s natural beauty. "A tourist cannot arrive at a winter resort and find nowhere to park"

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Kulata Border Checkpoint Undergoes Major Upgrades Ahead of Bulgaria’s Schengen Entry

The project aims to enhance traffic flow at one of the country’s busiest border crossings by widening lanes and improving road infrastructure. The construction focuses on creating two lanes in each direction leading up to the checkpoint, with a 200-meter expansion on both sides

Trailblazer of Bulgarian Investigative Journalism Margarita Mikhneva Dies at 72

Margarita Mikhneva, a pioneering figure in Bulgarian investigative journalism, has passed away at the age of 72 following a prolonged battle with cancer. Her death in Geneva was confirmed by Focus news agency, marking the end of an era for Bulgarian media

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