The unemployment rate in Bulgaria is expected to jump to 7% in 2020, after having reached historic lows of 4.2% in 2019, the economic forecast of the European Commission shows. Job losses are set to be most pronounced in the services sector (retail trade, transport, hospitality industry) which will function at up to 40% of their full capacity. In 2021 a partial recovery in employment is expected and unemployment rate is expected to decrease to 5.8%.
Commissioner for Economy Paolo Gentiloni expects that Bulgaria’s budget deficit will be below 6% of the GDP. Bulgaria’s consumer price inflation is expected to fall from 2.5% in 2019 to 1.1% in 2020 and stay at that level in 2021. General government debt is expected to increase and reach 25.5% of the GDP in both 2020 and 2021.
On Tuesday morning, visibility will be reduced in the plains and valleys . Minimum temperatures will be between minus 10 and minus 4°C, reaching minus 14°C in isolated valleys. In Sofia it will be around minus 10°C. During the day it will be mostly..
Bulgaria’s Minister of Energy Zhecho Stankov is on a working visit to the USA to participate in the Sixth Delphi Forum in Washington DC . His schedule includes participation in a high-level discussion on the new map of energy diplomacy, as well..
An incident involving a drone that entered the Sofia Airport area on February 7, causing the disruption of 6 flights, led to a meeting today initiated by Deputy Premier and Minister of Transport and Communications, Grozdan Karadzhov. The meeting..
Citizens of Serbia gathered on February 9 for a 15-minute silent protest under the slogan “Sofia supports the students” in front of the Serbian embassy in..
On February 7, a border patrol with Frontex officers, after hours of surveillance, seized a car with two Italian citizens, one from Spain and one from..
The Vienna Ball in Sofia was opened by the authentic orchestra of Johann Strauss, with which the organizers of the secular event paid tribute to the..
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