The sums Bulgarians living abroad send back to their families in this country have dropped dramatically, according to Bulgarian National Bank data. The money transfers have gone down by 370 million euro over the first 6 months of the year due to the coronavirus pandemic.
636 million euro entered the country over the same period of last year, whereas this year this figure is 266 million.
According to Latchezar Bogdanov from the Institute for Market Economics this fact will affect Bulgaria’s economy. “For households who regularly receive money transfers this will be a serious blow to their incomes,” he commented for Nova TV. The economist predicts that, if the crisis in tourism continues, seasonal jobs will be lost. “The corona-crisis will catalyze serious reforms,” he says.
This year, the team exploring the Provadia-Solnitsata archaeological complex is organizing an Open Day on September 22. A new visitor route has been prepared through the complex of the most ancient salt-producing and urban center in Europe...
In the summer of 2024, a Sofia municipality and its residents showed how we can be happy and united as a community, sitting at one table. In July 2024, on Exarch Yosif Street and in September on Oborishte Street in the Bulgarian capital Sofia, the first..
The Garlic Festival will be held on September 21 and 22 at the stadium in the village of Dolni Rakovets, Radomir Municipality, Pernik Region . The event presents the traditional production of Dolni Rakovets garlic. Due to the favorable soil..
On Saturday the lowest temperatures will be between 8 and 16°C; in some valleys – between 6° and 9°C, in Sofia – about 8°C. During..
The International Monetary Fund has recommended increasing social security and property taxes from 2026 . This was made clear during the hearing of..
Vice President Iliana Iotova is visiting Taraclia, Moldova, on September 19-20. Today, she is an official guest at a ceremony to..
Clear
Mostly Cloudy
Partly Cloudy