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Economist warns Bulgaria’s Inflation could reach 8% as Deficit Pressures Mount

Economist Preslav Raykov warned that inflation in Bulgaria could accelerate to around 8% in the coming months, while stressing that the country must quickly bring its budget deficit below 3% after entering the EU's excessive deficit procedure. Speaking to NOVA News, he said achieving that target will depend largely on political decisions and the government's ability to implement real spending cuts. [...]