Bulgaria’s Economic Growth Outpaces Expectations, Inflation to Determine Eurozone Path
In the fourth quarter of 2024, Bulgaria's economy showed a stronger performance than anticipated
The floods that hit northeastern Bulgaria will have negative impact on the tourism, the crops and the infrastructure, according to Deputy Prime Minister Daniela Bobeva.
"The situation in Varna is normalizing. The clearing out goes as planned, and there are no further complications due to the weather. Dobrich and Veliko Tarnovo are still in the critical phase, but the organization there is good. All due measures have been taken and the evacuation of people is ongoing. We expect no more victims,” Bobeva told Darik news.
According to her, there is still no damage assessment as citizens first need to state their claims.
"The disaster will have negative effects on the economy. Besides the direct damages that the citizens have suffered, the infrastructure needs to be recovered. The crops have been damaged, especially in the Dobrich region, which is one of our most important agricultural regions, and it will pose a serious problem for the economy. However, it is still early to say whether there will be an increase in food prices. I expect problems in the tourism business, too, some of the beaches have been hit by the floods. Also tourists may get frightened,” Deputy Prime Minister Bobeva said.
"The main problem during crises is the prevention which is neglected. Local authorities complain that their resources are limited. But I think that all of them could manage better, "she added.
Bulgaria Air offers an exciting way to explore Italy’s iconic cities, Rome and Milan, with direct flights now available, making it easier than ever to visit the cultural heart of Europe
For the first time in history, the price of gold has surpassed the $3,000 per troy ounce mark, driven by ongoing tensions in global trade and speculation that the U.S. Federal Reserve
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro
Ukrainian President Volodymyr Zelensky has approved a law allowing the purchase of two Russian-made nuclear reactors from Bulgaria
The analysis is by Dr. Boyko Takov, Executive Director of the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA)
A large-scale inspection campaign at fuel stations across Bulgaria began this morning
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