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.
Prime Minister Rosen Zhelyazkov will take part in the solemn celebrations on the occasion of the 140th anniversary of the Serbo-Bulgarian War, which will be held on November 7 - Victory Day in the Battle of Slivnitsa. The ceremony..
Research ship "Sts. Cyril and Methodius" has departed from Varna after a solemn ceremony. In its fourth voyage to Antarctica the ship is expected to reach the Bulgarian Antarctic base on Livingston Island by the end of December and..
The Sofia Police announced that they will use drones to monitor fans before and during the football match between Levski and CSKA, which will be held on Saturday at 3:00 p.m. at the Vasil Levski National Stadium. There will be..
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 amount of the average social security income for the country for September 2025 is 962.25 EUR and the amount of the average monthly social security..
On Wednesday, minimum temperatures will range from 4 to 9°C across the country, reaching around 2°C in Sofia. The wind will ease and fog will settle in..
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