The coronavirus pandemic has deepened economic disparities between Sofia and other Bulgarian regions. It has also resulted in higher unemployment in 2020.
According to the annual report of the Institute for Market Economics on the development of the Bulgarian regions, Sofia, Plovdiv, Varna and Burgas continue to attract 70% of the total investments. Sofia district, Gabrovo and Stara Zagora also manage to attract investments, yet at a smaller scale. Demographic processes remain the main impediment to growth. The population continues to decline. Except for Sofia and Kardzhali districts, in other Bulgarian regions the number of adults over 65 form one-third of the active population. Population growth has been marked in all municipalities in Kardzhali district.
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
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