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”.
Bulgaria's candidate for European Commissioner for Start-ups, Research and Innovation, Ekaterina Zaharieva , will be heard today by the European Parliament's Industry, Research and Energy Committee. The hearings for the Commissioner candidates,..
On Tuesday , the lowest temperatures will be between minus 3° and 2°C, in Sofia - around minus 1°C. During the day it will be sunny, with light to moderate easterly wind. The highest temperatures will reach 10° to 15°C; in Sofia -..
Over 99.5% of Bulgaria's polling stations were covered by video surveillance in the October 27 parliamentary elections. This was stated at a briefing by the Caretaker Minister of Innovation and Growth Rosen Karadimov, appointed by the caretaker..
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov..
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..
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