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%.
On Thursday it will be sunny and hot again. There will be light wind from the north-northwest. The highest temperatures will be between 36° and 41°C; in Sofia - around 36°C. In the mountains it will be mostly sunny. The wind..
Prime Minister Rosen Zhelyazkov led the Bulgarian delegation at the recently concluded NATO Summit in The Hague. Speaking to journalists, he stated that an agreement had been reached — with Bulgaria’s support — for each allied country to raise its..
The National Revenue Agency is inspecting currency exchange offices due to increased interest in buying euros . Within just one week, the exchange of Bulgarian leva into euros increased by 43%, the agency’s director, Rumen Spetsov, announced in..
The National Revenue Agency is inspecting currency exchange offices due to increased interest in buying euros . Within just one week, the exchange of..
A large fire stretching about 10 kilometers is burning east of the town of Karnobat, Burgas district, reported the mayor of Karnobat Municipality..
On Thursday it will be sunny and hot again. There will be light wind from the north-northwest. The highest temperatures will be..
sunshine, cloud, rain and thunder
Clear
Partly Cloudy