The sums Bulgarians living abroad send back to their families in this country have dropped dramatically, according to Bulgarian National Bank data. The money transfers have gone down by 370 million euro over the first 6 months of the year due to the coronavirus pandemic.
636 million euro entered the country over the same period of last year, whereas this year this figure is 266 million.
According to Latchezar Bogdanov from the Institute for Market Economics this fact will affect Bulgaria’s economy. “For households who regularly receive money transfers this will be a serious blow to their incomes,” he commented for Nova TV. The economist predicts that, if the crisis in tourism continues, seasonal jobs will be lost. “The corona-crisis will catalyze serious reforms,” he says.
Bulgaria’s Ambassador to North Macedonia Zhelyazko Radukov refused to accept the protest note regarding the absence of North Macedonia’s flag at the meeting between the presidents of Bulgaria and North Macedonia, the Ministry of Foreign Affairs and..
On Tuesday, the cloudiness will be significant over most of the country, there will be more sunny hours along the Danube and in Northeastern Bulgaria. Light rain will fall in some places in southern Bulgaria. The wind will be oriented from the..
More than 160 Bulgarian civil organizations, including the National Network for Children, have sent an open letter to a number of European institutions, organizations, embassies and diplomatic missions regarding the legislative changes banning..
Sofia’s urban subway system has proved to be among the most liked in Europe. The Sofia Metro was ranked the second best in Europe,..
The 2024-2025 school year will be the first in decades in which text books will be free for all pupils. 509 text books and general subjects study sets..
Bulgaria's President Rumen Radev described his meeting with the President of the Republic of North Macedonia Gordana Siljanovska-Davkova, which took..
+359 2 9336 661