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%.
The average gross monthly salary in Bulgaria for July 2025 was BGN 2,570 (EUR 1,314.02), for August BGN 2,497 (EUR 1,276.7), and for September BGN 2,580 (EUR 1.319). The average monthly salary increased by 12.0% compared to the third quarter of..
Today, Bulgaria’s Head of State Rumen Radev met at the presidency building with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó. The two discussed Europe’s prospects for addressing current challenges. Péter Szijjártó is visiting..
On Friday morning, fog or low clouds are expected in many lowlands, basins and around water bodies. It will be mostly sunny during the day. In the lower valleys of the Tundzha and Maritsa rivers, fog will persist until around noon, while in the..
In 2026, Bulgaria will assume the presidency of the EU Strategy for the Danube Region for the second time. The symbolic handover of the presidency took..
“The storm has mostly passed, but there are still risks”, Deputy Premier Tomislav Donchev told bTV regarding Lukoil . ''The first priority is to..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
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