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”.
Early elections will not help anyone. If elections were held now, the caretaker government would have no power to draft the most difficult budget in the past 30 years. This was what the president of the Confederation of Independent..
Starting October 15, Bulgaria's toll system has begun weighing heavy vehicles over 3.5 tons while they are in motion. The weighing process is fully automated. "Currently, 10 out of nearly 100 planned devices have been certified. The sensors..
The number of Ukrainian citizens with temporary protection in the country who are accommodated in hotels and other facilities under the program for humanitarian support and integration of displaced persons from Ukraine has decreased by half. Currently,..
On Tuesday, minimum temperatures will range from 5 to 10°C , 7°C in Sofia. There will be significant cloud cover throughout the day, with light..
A themed exhibition dedicated to the pumpkin is one of the highlights of the traditional "Autumn Encounters with Plants" and the Days of Autumn..
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the..
Cloudy
Overcast, rain
Mostly Cloudy
Rain