In May 2020 industrial production in the EU increased with 11.4%, thus making up for some of the collapse registered in the previous two months caused by the Covid-19 pandemic. However, industrial production in Bulgaria in May continued to decline. It fell 0.1% as compared to April, data of Eurostat show. In March and April industrial production in Bulgaria shrank by a total of 16.7% due to the coronavirus pandemic. In May 2020 industrial production fell 16.1% as compared to May 2019. Bulgaria’s industry cannot overcome the crisis due to the ongoing crisis in exports which declined 21.4% in May 2020 as compared to May last year. Exports of fuels, machines and car parts are most affected by the Covid-19 crisis.
In a statement on behalf of "We Continue the Change – Democratic Bulgaria", MP Martin Dimitrov stated that the ''first action of the new government is to sabotage Bulgaria's entry into the Eurozone''. "Bulgaria meets all the criteria for joining the..
"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said Minister of Finance Temenuzhka Petkova. "There is a procedure for us to be heard in the Eurogroup in..
The Consulate General of Bulgaria in Los Angeles has issued recommendations due to two new fires that have broken out in the Los Angeles and Ventura counties in the United States. The Hughes fire has spread over more than 10,000 acres of land, while..
Captain Lyubomir Chanev and chief mate Danail Veselinov returned to Bulgaria. They were held captive by Yemen's Houthis for 430 days. The Galaxy Leader..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
President Rumen Radev held a phone conversation with the EU Special Representative for the Belgrade-Pristina Dialogue and other Western Balkan Regional..
Mostly Cloudy
Partly cloudy, chance of rain
Cloudy