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”.
''There’s no money for new submarines'', said Bulgaria’s Minister of Defense Atanas Zapryanov. That’s why the defense investment projects through 2032 do not include the purchase of submarines, whether second-hand or small ones, added Chief of..
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose Queen marked the beginning of the culminating days of the Rose Festival in Kazanlak. The festival will..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the plains and around water basins. On Saturday before noon it will be mostly sunny. In the afternoon,..
The balances in all bank accounts in Bulgarian levs will be automatically converted to euros from the date of the country's accession to the eurozone at..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the..
In the first quarter of 2025, GDP grew by 3.1% compared to the first quarter of 2024 and by 0.6% compared to the fourth quarter of..
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