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%.
Balchik is hosting the international regatta Ultramarine Balchik Match Race from the calendar of the European Match Race Tour (EMRT), BTA has reported. The race will be held from June 26 to 29. Teams from Bulgaria, Poland,..
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..
Cool air will sweep across the country during the night , accompanied by moderate winds from the northwest. Short-lived rain showers and thunderstorms are..
Another protest against the adoption of the euro took place in Sofia and other cities in Bulgaria on June 28. The protest in the capital Sofia..
Partly Cloudy
Mostly Cloudy
Clear
Partly cloudy, chance of rain