A drop in export by 8% and in import by 10%, a rise in the unemployment rate by 170,000 lost jobs and a growth of the external debt by 2.3 billion Leva – this is the picture of the past year of coronavirus pandemic, said Radosvet Radev, chair of the Bulgarian Industrial Association in an interview for the BNR.
In his words the withholding of investments and the drop in consumption are worrying. Radosvet Radev also predicted cascading bankruptcies of companies after April when the moratorium on credits will be lifted.
According to Krassen Stanchev from the Institute for Market Economics, large fiscal reserves were accumulated which cushioned the blow. He added that almost 1.4 million people have not been included in any support scheme as the measures were accessible to no more than “10% of the economic entities”.
Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate". According to her, the reports of violations and the..
On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...
BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..
Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim..
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President..
The Bulgarian Ministry of Defense has signed a contract with Polish state company Wojskowe Zakłady Lotnicze Nr 2 S.A. for major repair of six MiG-29..
Partly Cloudy
Clear