Bulgarian economy has contracted in the second quarter of the year by a record 10% compared to the first three months of the year and also recorded the most dramatic decline on an annual basis by 8.5% since 1997.
Data from the National Statistical Institute are for the period of the strictest anti-epidemic quarantine measures aimed at limiting the spread of COVID-19. GDP decreased in the second quarter of 2020 by as much as 10% compared to the first three months, when it grew slightly by 0.3 percent. This has been the worst economic quarter for Bulgaria for a quarter of a century. For the second quarter, GDP reached over 14 billion euros or 2016 euros per capita.
The Sofia Appellate Court left in custody Varna Mayor Blagomir Kotsev, who is charged with corruption and participation in an organized crime group. The judgment is final. One of the three judges, Andrey Angelov, signed with a dissenting..
Bulgaria’s Minister of Justice Georgi Georgiev conferred in Brussels with the European Commission team responsible for the Resilience and Recovery Plan (RRP) reforms in Bulgaria, reported the Ministry of Justice. EC: RRP payment depends on..
''Only two bridges connect Bulgaria and Romania along our 475-kilometer shared river border – this is a transport shortfall and a new 'Iron Curtain' within the European Union'', said Bulgaria’s Deputy Premier and Minister of Transport and..
Bulgaria, Greece and Romania have finalized a memorandum for joint cooperation on new transport projects, said European Commissioner for..
Suspicions of large-scale fraud with EU funds in a project to build a mussel farm in the Black Sea – southeast of Cape Emine in the..
Russia’s Deputy Minister of Foreign Affairs Alexander Grushko stated that Moscow has not held talks regarding a possible overflight of President..
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