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.
The World Bank raised its forecast for the growth of Bulgaria's economy in the coming years. According to the international institution, the country's economy will grow 3.9% in 2018 and 4% in 2019.
In the summer of last year, the bank expected GDP to increase by 3.7% in 2018 and 2019. The World Bank believes global economic growth will accelerate to 3.1% in 2018 after the strong 2017. Institution recognizes return on investment, production and trade, and emerging export-based economies have benefited from rising raw material prices. The Bank, however, considers this to be largely a short-term improvement.
"In the long run, the slowdown in potential growth puts at risk the improvement of living standards and the reduction of poverty in the world," the bank warned in its report. Global growth is projected to slow down to 3.0% in 2019 and 2.9% in 2020. 2018 may be the first year after the financial crisis that the global economy will run at almost full speed. It is expected that the economy stays tense, so central bankers will have to rethink their monetary and fiscal instruments to stimulate growth and support the long-term potential of the economy.
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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
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022