The economic crisis in Bulgaria is deepening, and the country is among the countries of Southeastern Europe which is spending the most due to the coronavirus. That is why its economic recovery is expected to be slower and more difficult after the predicted shrinkage of its GDP.
In 2020 the growth of the Bulgarian economy is expected to shrink by around 7%, and unemployment – to exceed 10%. This is indicated by the annual “Bulgaria in figures” edition of the Bulgarian Chamber of Commerce and Industry (BCCI) with data about the country’s economic indicators in 2019 compared to 27 international rankings.
Bulgaria is improving its position – from 77th to 71st place – in “absence of corruption” but is declining in “rule of law”, “prosperity” and “conditions for doing business”, the document reads.
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the..
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