The Russian ruble reached a two-year high against the dollar and the euro today, mostly due to strict capital controls in the country and despite the announced next package of EU sanctions, Reuters reported, quoted by BTA.
The EURUSD has been hovering around 1.05 for the fourth day in a row, which is the last round level point before moving towards parity
The decision to pay for Russian gas in rubles was intended as a measure against sanctions imposed on Russia
The Turkish lira rose 3.3% against the euro in April due to the latter’s weakness. However, a monthly close near 14.82 for USDTRY would be another all-time high, as the lira has little to counter the strengthening dollar.
The price of gas in May in Bulgaria will be equal to that on European stock exchanges. There, blue fuel is traded for about 100 euros, which means that the increase will be about 35% in May compared to the price in April
The World Bank predicts the strongest price crisis in 2022 since the 1970s due to jumps in the price of energy, metals and food. This is stated in the new Commodity Market Outlook.
The Central Bank of Turkey announced at a briefing on Thursday that it has revised its inflation forecasts and now expects them to grow by as much as 42.8% by the end of 2022, compared to a previous inflation forecast of 23.2%.
The institutional sector "State Government" reports a budget deficit of BGN 5.433 billion, which is 4.1% of Bulgaria's gross domestic product (GDP), according to preliminary data from the National Statistical Institute.
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The annual inflation for March 2022 compared to March 2021 in Bulgaria is 12.4%, according to the National Statistical Institute.
The market price index (MPI), which reflects wholesale food prices, jumped 3.27 percent this week to 2,209 points, according to data from the State Commission on Commodity Exchanges and Markets (SCCEM).
Bulgaria's total foreign trade balance was negative in the first two months of the year and amounted to BGN 2.46 billion, according to the National Statistical Institute.
This is how the former MP from “There Is Such a People” and financial expert Miyka Zaikova commented the level of inflation in the country on Nova TV.
The minimum wage will remain at the level of BGN 710 (EUR 363) until 2025, it is clear from the draft of the new medium-term budget forecast of the Ministry of Finance. It envisages a lower rate of annual growth of pensions - from July 1, 2023, it will be
Bulgaria will take out a new debt of half a billion levs (BGN). This is clear from a statement by the Ministry of Finance.
Almost a third slower - compared to the forecast from January - will be the growth of the Bulgarian economy in 2022 due to the war in Ukraine and the risks of prolonged military conflict, point to further adjustments to downward growth. Instead of 3.8% of
Stock market indices have reversed downwards as sustained dollar strength with tightening financial and trading conditions worldwide worsens the outlook for companies.
The average annual inflation will reach 10.4% this year, according to the spring macroeconomic forecast of the Ministry of Finance.
Bulgaria is second in Europe after Romania in the number of cash payments, according to statistics from ‘Global Findex’. In our country, 63% of transactions are made with cash, and in our neighbor - over 78%. Although the pandemic was expected to increase
As of today - April 1, the minimum wage in the country is BGN 710 (EUR 363). According to the decree of the Council of Ministers, the minimum hourly rate is BGN 4 leva and 29 cents, which at working hours of eight hours in a 5-day working week makes BGN 7
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