The GDP of Bulgaria will shrink by 5.1 % in 2020, but will grow by 2% in 2021 and 3.7% in 2022, indicates the European Commission’s autumn economic forecast. In July Brussels predicted a bigger decline for the country (-7.1%), but also a higher growth rate for next year (+5.3%).
The Bulgarian economy has started to recover after the sharp decline during the second quarter, and is expected to continue to grow, according to the EC forecast. Domestic demand and exports will contribute to the growth. Unemployment is becoming stabilized after the initial steep rise, in part because of the state-funded measures for protecting jobs.
Citing data from the European Commission, Prime Minister Boyko Borissov wrote on his Facebook profile that "Bulgaria is the only country in the European Union whose deficit wоулд not exceed 3% of the country's GDP in 2020.
An elderly Israeli woman with Bulgarian roots died in an Iranian missile attack which hit a residential building in the Israeli city of Bat Yam a day ago , BNR correspondents in Israel Fenya and Iskra Dekalo reported. At the moment, the Ministry of..
On Tuesday, the lowest temperatures will range from 12°C to 17°C, for Sofia around 13°C. The weather will be mostly sunny during the day. Cumulus clouds will develop over the mountainous regions in the afternoon hours. There will be a light..
In the months preceding Bulgaria's accession to the Eurozone, the Confederation of Independent Trade Unions in Bulgaria (CITUB), one of the country's largest trade unions, has started to conduct monthly price surveys of 20 basic goods from the 'small..
Just a week after receiving the positive convergence reports on Bulgaria’s entry into the Eurozone, all major financial funds have stated their..
Holding elections after entry into the Eurozone would be catastrophic for Bulgaria and would mislead our colleagues in Europe who have been treating..
“I am in constant contact with the security services, all possible routes and evacuation approaches are being considered,” President Rumen Radev told..
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