With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit for new debt from 1.1 billion euros to over 5 billion euros.
GDP is expected to decline by 3% this year. According to government estimates, unemployment rate is expected to rise by about 2% in comparison to 2019 to the level of 6.2%. Export of goods and services will fall by more than 16% overall, with export of services that includes tourism and transport dropping nearly 26%.
Bulgaria was officially designated among the EU countries at risk of migratory pressure, BNR’s correspondent in Brussels Anguelina Piskova reports, citing the European Commission’s first European Annual Asylum and Migration Report. The document is..
President Rumen Radev has vetoed some of the amendments to the Defence and Armed Forces Act of the Republic of Bulgaria adopted on 30 October this year, the presidential press service has announced. In his motives the president points out that..
On Wednesday, minimum temperatures will range from 4 to 9°C across the country, reaching around 2°C in Sofia. The wind will ease and fog will settle in lowland and basin areas. Later during the day, cloud cover will decrease to mostly sunny in many..
Partly Cloudy
Fog
Mostly Cloudy