DeflationIn economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive.
EuroThe euro (symbol: €; currency code: EUR) is the official currency of 20 of the member states of the European Union (EU). This group of states is officially known as the euro area or, commonly, the eurozone, and includes about 344 million citizens . The euro is divided into 100 euro cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo.
BulgariaBulgaria (bʌlˈɡɛəriə,_bʊl-; България), officially the Republic of Bulgaria, is a country in Southeast Europe. Located west of the Black Sea and south of the Danube river Bulgaria is bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south. Bulgaria covers a territory of , and is the sixteenth-largest country in Europe. Sofia is the nation's capital and largest city; other major cities are Plovdiv, Varna and Burgas.
