Text size

Ex-deputy PM Daniela Bobeva: Forecasts for 7.2% decline in the economy will be confirmed

published on 7/20/20 4:57 PM

Photo: BGNES

"The Bulgarian economy has begun to accumulate serious problems long before the pandemic. It is incorrect to attribute the problems of the economy to the contagion crisis." This was said in an interview for the BNR by Daniela Bobeva - an economist and former Deputy Prime Minister. She also referred to reports from the EC and the ECB in recent weeks with data for 2019, showing unfavourable trends in the development of the Bulgarian economy.

In Bobeva's opinion, the forecast of the European Commission that this year Bulgaria will have a 7.2% decline in the economy will be confirmed. The former deputy prime minister believes that the problems can be overcome with political will. At the moment, however, "we are not moving towards a market economy, but towards the return of old models with increasing state participation, which have turned out to be totally inefficient for Bulgaria," Bobeva said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Daniela Bobeva economic decline

More from category

New baggage handling system to be installed at Sofia Airport

New equipment will ensure even faster, safer and more efficient baggage handling at Sofia Airport, the airport has reported. The system has already been delivered and preparations for its installation are underway. The system..

published on 1/7/25 10:34 AM

Bulgaria meets the criteria for Eurozone membership

At the end of 2024, Bulgaria's macroeconomic indicators fully met the Maastricht criteria for Eurozone membership, BGNES informs. According to Eurostat data, inflation from June to November was below 3%, which is a..

published on 1/7/25 8:45 AM

80 years after the Bloody Christmas

Today we mark 80 years since the so-called "Bloody Christmas". On January 7, 1945, the mass killing and mistreatment of thousands of Bulgarians in Vardar Macedonia began because of their Bulgarian identity. The bloodbath was prepared..

published on 1/7/25 8:05 AM