EC: Bulgaria should Reduce its overall Dependence on Fossil Fuels and their Imports

Maritsa Iztok Energy Complex Bulgaria should reduce its overall dependence on fossil fuels and their imports by accelerating the development of energy from renewable sources - this recommendation is contained in the spring package of the European Semester announced today. The document adds that this could be done by our country diversifying its supplies of natural gas and
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Bulgaria: 28% of People of Working Age are out of the Labor Market, Unemployment is 4.9%

@Flickr 4.9% unemployment in Bulgaria is reported by the National Statistical Institute. The level is 1.4% lower than in the first quarter of 2021. The economic activity rate for the population aged 15-64 is 72%, increasing by 0.6% compared to the first quarter of 2021. Nearly 28% of people in this age group are economically inactive, with just over a third of them not entering
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Bulgaria: Annual Inflation in April was 14.4%

Inflation for April compared to March was 2.5 percent, according to the National Statistical Institute. Inflation since the beginning of the year (April 2022 compared to December 2021) is 7.8 percent, and annual inflation for April 2022 compared to April 2021 is 14.4 percent. The average annual inflation for the period May 2021 - April 2022 compared to the period May 2020
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Bulgaria Introduces the European Blockchain Infrastructure for Services

Blockchain technologies allow us to increase trust in institutions, but for this purpose it is first necessary to digitize the relevant processes and then - to include blockchain as an additional layer, adding security and traceability. These are some of the conclusions of the first conference of its kind in Bulgaria "Blockchain and the future of public services".
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Bulgaria: Is Inflation Galloping?

@novinite.com In the last half-year, the phrase "galloping inflation" has been persistent. It is used not only by opposition politicians in their efforts to accuse the Bulgarian government of failing to address the issues, but also by business representatives who are pushing for government help with this argument. The phrase also reflects the public "feeling of inflation", which
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The EBRD has further Reduced its Forecast for the Bulgarian Economy until 2024

Only two months after its latest forecast for the Bulgarian economy, the European Bank for Reconstruction and Development published a new, even more pessimistic assessment. According to it, in 2022 the growth of Bulgaria will decrease to 2.5% of GDP, after in November 2021 expectations were almost twice as optimistic (+ 4.4%) and even in March - after the Russian
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Finance Minister: Bulgaria will adopt the Euro on January 1 2024

 @BNR “Bulgaria will adopt the euro on January 1, 2024, as decided by the previous government.” This was announced by Deputy Prime Minister and Minister of Finance Asen Vassilev and Minister of Innovation Daniel Lorer. The plan for adopting the euro remains the same as announced by the Bulgarian National Bank and the Ministry of Finance in June last year. It provides for the adoption
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Bulgarian Employers with a National Protest on May 18 over Electricity and Fuel Prices

The nationally representative employers' organizations - the Bulgarian Industrial Capital Association (BICA), the Bulgarian Industrial Association (BIA), the Bulgarian Chamber of Commerce and Industry (BCCI), the Confederation of Employers and Industrialists of Bulgaria (CEIB/KRIB) and the Union for Private Economic Enterprise (SSI) will have a protest on May 18 for secure energy at affordable
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Bulgaria will Sign a Contract for the Design of New Gas Interconnector with Serbia

Bulgarian Prime Minister Kiril Petkov @Council of Ministers Bulgaria will sign a contract for the design of a new gas interconnector with Serbia, it became clear during a regional energy meeting in Sofia. It was attended by the Ministers of Energy of Bulgaria, Greece, Romania, Turkey, Azerbaijan, Ukraine and North Macedonia. The key topic of discussion during the meeting was
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167 Villages in Bulgaria are without a Single Inhabitant

@Pixabay The depopulation of Bulgarian villages continues. In 1173 villages, which is about one fifth of all settlements in our country, live up to 50 people, and in 167 villages there is not a single inhabitant. This is shown by the data of the National Statistical Institute (NSI) at the end of 2021. The largest number of villages without inhabitants are mountainous and are located
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