Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

EU maintains Covid-19 economic forecast for Bulgaria

Photo: Archive

Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission. In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and growth of 6% for 2021. 

Despite the good economic performance at the beginning of the year, the Covid-19 pandemic had a negative impact on the economy, the European Commission notes in relation to Bulgaria. It points to declining private consumption due to the restrictive measures, while reduced revenues, lower capacity utilization and greater uncertainty are limiting investment. 
Exports are also affected by the deteriorating situation abroad, with a revival expected in the second half of 2021.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

21 years since the tragedy in the River Lim in which 12 Bulgarian children lost their lives

It is 21 years today since the tragedy in the River Lim on the border between Serbia and Montenegro, in which 12 Bulgarian children were killed. On 4 April, 2004, a group of 34 students and 16 adults from Svishtov were returning home from a school..

published on 4/4/25 5:22 PM

Bulgaria, Azerbaijan, Turkey and Georgia sign green energy cooperation pact

Bulgaria, Azerbaijan, Turkey and Georgia have signed a Memorandum of Understanding in Baku on cooperation in the transmission and trade of green energy.  The document was inked by the energy ministers of Bulgaria and Azerbaijan, Zhecho Stankov and..

published on 4/4/25 4:34 PM
President Radev (R) and King Abdullah II

Aqaba Process summit in Sofia addresses terrorism, migration and radicalisation in the Balkans

The President of Bulgaria, Rumen Radev, and the King of Jordan, Abdullah II, are hosting the Aqaba Process Summit, which focuses on the Balkans and brings together nearly 30 delegations. These delegations are led by Heads of State, government..

published on 4/4/25 3:53 PM