Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

EU maintains Covid-19 economic forecast for Bulgaria

Photo: Archive

Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission. In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and growth of 6% for 2021. 

Despite the good economic performance at the beginning of the year, the Covid-19 pandemic had a negative impact on the economy, the European Commission notes in relation to Bulgaria. It points to declining private consumption due to the restrictive measures, while reduced revenues, lower capacity utilization and greater uncertainty are limiting investment. 
Exports are also affected by the deteriorating situation abroad, with a revival expected in the second half of 2021.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

PM Rosen Zhelyazkov

Bulgaria has requested an extraordinary convergence report on the euro: PM Zhelyazkov

Bulgaria has submitted a request for an extraordinary convergence report based on the understanding that the country meets the criteria for entering the Eurozone, Prime Minister Rosen Zhelyazkov said at the opening of a new production facility in..

published on 2/25/25 11:49 AM
Ivo Mihov

Team at Sofia University is working on creating a quantum computer

Artificial intelligence is now built entirely from classical computers with algorithms, while artificial intelligence based on quantum computers will be much faster and more functional , says doctoral student Ivo Mihov from the Center for Quantum..

published on 2/25/25 11:00 AM
Photo: Bulgarian Sunday school in Edirne

Interest in studying Bulgarian is growing in Edirne

The Bulgarian Sunday school "Priest Alexander Cikirik" in the town of Edirne close to the Bulgarian-Turkish border is now attended by 55 children. It was opened in 2017 at the Consulate General of Bulgaria. In one school year, the children there..

published on 2/25/25 10:17 AM