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.
The national strike in Belgium, scheduled for 13 February, will lead to flight cancellations from/to Sofia from/to Brussels and Charleroi. Another flight is being diverted towards the Netherlands, BNR’s correspondent in Brussels Anguelina Piskova..
The German province of North Rhine-Westphalia has carried out its first charter flight to deport refugees, bTV reported. The flight included 7 young men from Afghanistan and Syria. They have no criminal records. The deportation is in accordance..
A hearing of the Prime Minister, the Ministers of Energy, Environment and Water, Agriculture and Food, and the Director of the National Electricity Company (NEK), has been included in the agenda of Bulgaria’s Parliament for February 12 at the..
A photograph in the media of Minister of Labour and Social Policy Borislav Gutsanov (Bulgarian Socialist Party), MEP Kristian Vigenin (Bulgarian..
With 197 votes “for”, the National Assembly unanimously approved, at first reading, a full ban on the import, trade in, supply, distribution and sale,..
94% of workers in Bulgaria are dissatisfied with their salary, shows a survey conducted by Podkrepa Confederation of Labor. 91% of the respondents in..
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