Inside Bulgaria's Easter Celebrations: Traditions Passed Through Generations
Today marks the joyous celebration of Easter, one of the most significant holidays in the Orthodox Christian calendar.
According to the forecast of the economists from the Bulgarian Academy of Sciences (BAN), the economy of the country will record a growth of 1.4 % in 2015.
This became clear after the annual report of the Economic Research Institute to BAN was presented on Monday, daily Sega reports.
The scientists concluded that the unfavourable trend for a very low growth of 1-2 % was likely to continue unless further reforms were introduced.
The Director of the Institute Prof. Mitko Dimitrov commented that for a developed country such as the USA such a modest growth could be satisfactory, but for Bulgaria this was highly insufficient.
According to Dimitrov, Bulgaria held a greater potential, but could not materialise it due to the lack of reforms.
The scientists expect the growth of international prices to continue as well as considerable insecurity linked to the restoration of economic growth in the EU.
The economists from BAN also foresee some insecurity due to the forthcoming local elections in Bulgaria.
The global and regional trends did not justify the restoration of economic growth, which had been expected to take place in 2014.
Some of the reasons were the political and economic instabilities affecting the international prices, which could not register growth in the past two years.
In an attempt to overcome some instabilities on a global scale and due to the danger of deflation in the EU, a series of policies, including aggressive ones, were implemented.
The scientists pointed that one such measure was the attempt of the European Central Bank (ECB) for quantitative easing.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Passengers can now book tickets for attractions, museums, tours, sports matches, live events and theater performances through the Wizz Air website and app
It's that time of year when the sun rises earlier, the days are warmer, and the desire for rest and adventure calls more and more often
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
In a significant stride towards enhancing connectivity between Turkey and Bulgaria, the launch of direct flights between Istanbul and Sofia marks a milestone in air travel
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022