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.
A week of school competitions, part of the 15 th edition Bulgarian National English Spelling Bee has opened at the Academician Prof. Dr. Asen Zlatarov secondary school of natural sciences and mathematics in Botevgrad. More than 7,000 students..
In the mountains the weather is sunny and clear, conditions are suitable for tourism, the Bulgarian Red Cross’ mountain rescue service says, as quoted by the Bulgarian news agency BTA. During the past 24 hours there have been no incidents..
A drone detected in the area around Sofia Airport caused some landing delays last night, the Bulgarian news agency BTA reports, citing the airport press centre. No flights have been diverted but temporary changes were made to the schedule over..
In connection with the incident involving a drone intercepted in the vicinity of Sofia Airport last night, deputy Prime Minister and Minister of..
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..
The Bulgarian identity card won first place for best ID card in Europe for 2024 at the High Security Printing EMEA-2025 conference in Basel,..
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