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.
In connection with the incident involving a drone intercepted in the vicinity of Sofia Airport last night, deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov pointed to the need of anti-drone security systems within..
The cabinet’s priorities should be connected with harnessing prices, adopting the budget and taking measures to counter corruption. In an interview with BNR-Varna, sociologist Dimitar Ganev from Trend sociological agency said that economic anxiety..
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, Switzerland, the Interior Ministry has announced. Besides for modern and aesthetic design, the..
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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