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.
Acting Prosecutor General Borislav Sarafov submitted a proposal to the National Assembly to strip the immunity from four MPs from "Vazrazhdane" due to acts of vandalism during the protest in front of the European Commission building in Sofia. These..
At the initiative of the European Union of Patient Organizations for the Fight against Rare Diseases, on the last day of February, we focus on people living with a rare disease. Awareness campaigns are organized to raise public awareness of this issue...
Friday will be mostly cloudy. Fog will cover the lowlands before midday. It will rain in some places, especially in southern Bulgaria. Minimum temperatures will be between 0 and 5°C, 2°C in Sofia, and maximum between 6 and 11°C, up to 17°C in the..
Foreign Minister Georg Georgiev today received at the Foreign Ministry Susan Falatko, who arrived in Sofia a few days ago as Charge d'Affaires of the U.S...
The Ministry of Foreign Affairs has advised Bulgarian citizens to avoid traveling to Greece because of a planned national strike today. The Foreign Ministry..
The number of pensioners in January this year increased by 15,630 people, or 0.8%, compared to the first month of the previous year, the National Social..
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