50 Years Ago: China Launches Bulgarian Language Radio Broadcasts
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Bulgaria: How Long will the Price of Living Continue to Rise?
- Tweet
Send to Kindle
Pixabay
"There is no way to overtake Romania in terms of income for a month, simply because there is some difference in inflation. Romania's gross domestic product is about 20% more than ours. This was stated in the studio of "Hello, Bulgaria" by the financier Lyubomir Datsov.
"There is no record inflation. 2006, 2007 and 2008 are the years with the highest inflation - about 10%. Then it was because of the very high growth. The sources of this process are different and the damage is different," Datsov explained.
"The current origin of inflation is external because it comes from problems that are not in the country. Unfortunately, this time it will last longer - 6-7 months", added Datsov.
"We are in a very delicate situation. We have inflation generated by supply, not demand. It is more difficult to react to it ", added the economist Vladimir Sirkarov.
/Nova
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgarian Household Incomes Offset by Inflation in 2023
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
Bulgaria Scraps Tender for New Trains Worth BGN 1.1 Billion, Opts for Direct Negotiations
Acting Minister of Transport, Georgi Gvozdeikov, has taken the unprecedented step of canceling the tender for the supply of 35 single-deck motor trains, valued at a staggering BGN 1.1 billion
Politics | April 18, 2024, Thursday // 14:21
Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
Daniel Mitov Ready for Foreign Minister Role Amid Geopolitical Test in Bulgaria
Daniel Mitov, Deputy Chairman of GERB, has expressed his readiness to assume the position of Acting Foreign Minister
Politics | April 18, 2024, Thursday // 11:40
Italy Backs Bulgaria's Schengen Membership: Presidents Discuss Enhanced Cooperation
Italy has thrown its weight behind Bulgaria's bid for full-fledged membership in the Schengen area, affirming its steadfast support during Italian President Sergio Mattarella's two-day visit to Bulgaria
Bulgarian Household Incomes Offset by Inflation in 2023
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
Report Shows Bulgarians Have Doubled Their Wealth in a Decade
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
Bulgarian National Bank Chief Targets 2025 Eurozone Access
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Banking and Government Leaders Rally for Bulgaria's Eurozone Entry
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
IMF Director Urges Bulgaria Not to Miss Euro Adoption Chance
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
