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”.
In 2025, 1.3 million euros are planned for the implementation of the program for support of organizations of Bulgarian communities from Albania, Serbia, Kosovo, Ukraine and Moldova and of citizens of North Macedonia with Bulgarian..
Sofia is hosting a trilateral meeting of the defence forces heads of Bulgaria, Romania and Turkey. The Ministry of Defence announced that, at the invitation of Chief of Defence Admiral Emil Efimov, the heads of the Romanian and Turkish defence forces,..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University "St. Kliment Ohridski" has launched a joint program with the Artificial Intelligence Laboratory of the Massachusetts Institute of Technology (MIT)..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
The Ministry of Transport has published for public discussion changes to the Regulation on Unmanned Aircraft Systems. The..
On Thursday, the lowest temperatures will range from 13°C to 20°C, 16°C in Sofia. It will be sunny during the day and hot in the afternoon. There will..
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