If there is no second wave of Covid-19, the crisis for the Bulgarian economy will be averagely deep, lasting from 2 to 3 quarters. The annual decline will be from 5 to 7%. The recovery will continue throughout 2021, at the end of which pre-crisis levels will be reached. Real growth will begin in 2022, suggests the Annual Report on Economic Development and Policies of Bulgaria from the Institute for Economic Research at the Bulgarian Academy of Sciences.
The country's financial situation and preparations for this year's budget were discussed at today's meeting of the Joint Governance Council. Speaking at a briefing after the meeting, Prime Minister Rosen Zhelyazkov said that the government would not..
The Bulgarian government will work to restore the image of the country as a reliable economic partner and a promising location for investments and business. This was what Minister of Economy Petar Dilov said at a meeting with Boni..
There is chronic shortage of personnel in the wine sector, producers from Plovdiv say. Fewer young people want to work as technologists. The industry fears that the profession may disappear in the future. Annually, about 250..
“We shall submit a budget for stabilizing public finance,” Prime Minister Rosen Zhelyazkov said at a briefing at the Council of Ministers building. “I..
T he Federation of Consumers in Bulgaria, the movement “The system is killing us” and the Allied Pensioners Unions have called for a boycott of the high..
The Bulgarian Ministry of Foreign Affairs is urging the Bulgarian citizens on the Greek islands of the Cyclades, who have decided not to leave the..
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