Text size

Critical autumn and economic growth at end of 2020 expected

published on 7/3/20 7:55 PM

Photo: shutterstock.com

Bulgaria will probably receive the first EU money to deal with the Covid-19 crisis in October, said Deputy Prime Minister Tomislav Donchev. The most acute phase of the economic crisis for us will be in the autumn. All analysts give contradictory assessments of the nature of the crisis and the decline in the country's GDP.

My expectations are that before the end of the year we will return to economic recovery. Everyone agrees that next year, when we are expected to return to growth, it will be much higher and compensatory, said the Deputy Prime Minister.

In the coming years, in addition to energy efficiency, the focus for Bulgaria will be innovation, said Donchev.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News economic growth GDP Tomislav Donchev

More from category

Government resumes talks with unions and employers after freezing the 2026 budget

'The dialogue between employers and trade unions has been restored. Consultations will begin tomorrow at the Ministry of Finance to iron out all the details. The state is committed to supporting every Bulgarian citizen.' This was written by GERB leader..

published on 11/27/25 2:55 PM

NSI: Bulgarians' international travel increased 15% last year

Bulgarian citizens traveled abroad 829,300 times in October, which is 15% more than in October 2024 , according to the National Statistical Institute. The most popular destinations were Turkey, Greece, Serbia, Romania, Germany, North Macedonia,..

published on 11/27/25 2:39 PM

State-owned enterprises to combat corruption through an integrity officer

The National Assembly has introduced a new requirement for state-owned enterprises to implement corruption risk management systems, which will also include appointing an integrity officer. The measure is recommended by the Organisation for Economic..

published on 11/27/25 1:30 PM