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.
The overall consumer confidence index in October 2025 fell by 4 points compared to July, the National Statistical Institute has reported. In July, the indicator decreased by 4.7 points compared to April. In October, there was an..
By mid-December, all military units in the country will be equipped with drone control simulators, said Major General Deyan Deshkov, Commander of the Land Forces, at the Lyulyak training ground near Stara Zagora. He clarified that the drones have..
Swiss commodity trader Gunvor said it has withdrawn its proposal to buy Lukoil’s foreign assets, including the refinery in Burgas, after the U.S. Treasury called it Russia’s ‘puppet’, Reuters reported. Prime Minister: Bulgaria has a..
The Sofia City Court has postponed the extradition case of Igor Grechushkin, the owner of a cargo ship linked to the explosion at the port of Beirut in..
The Road Infrastructure Agency (RIA) has proposed the introduction of temporary restrictions on the movement of heavy trucks weighing over 12 tons along..
On Tuesday, minimum temperatures will range from 8 to 13°C , with Sofia seeing around 9°C. Rain is expected across the country, with heavier showers in..
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