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

Bulgarian economy expected to recover at end-2021

Photo: Archive

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 main conclusion is that until the start of the pandemic the Bulgarian economy was developing steadily, albeit at a modest pace, with a rapid increase in wages and employment, with a stable financial and banking system and lack of macroeconomic imbalances.



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

Sofia forum highlights expanding Bulgaria–China research cooperation

Bulgarian and Chinese researchers discussed scientific cooperation at a forum in Sofia on Friday, attended by representatives of the Bulgarian Academy of Sciences (BAS), government officials, economists and public figures.  Organised jointly by the BAS..

published on 11/24/25 4:20 PM

Unions stage a protest demanding ‘dignified pay’ for the public sector

With the slogan “No to the division of workers! Yes to higher incomes!” the Confederation of Independent Trade Unions in Bulgaria (CITUB/KNSB) held a protest in front of the Members’ Entrance of the National Assembly. The demonstration took place ahead..

published on 11/24/25 3:41 PM

There will be scattered clouds with no precipitation

On Tuesday, the lowest temperatures will range from 0°C to 5°C, higher along the Black Sea coast – between 8°C and 11°C, around 2°C in Sofia. During the day, Southwestern and Eastern Bulgaria will see scattered mid- and high-level clouds. Over the..

published on 11/24/25 6:45 PM