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.
On Tuesday morning, there will be reduced visibility in some lowlands and plains. The lowest temperatures will range from minus 4°C to 1°C, for Sofia around 0°C. It will be mostly sunny during the day. In the eastern parts of the country, there will..
The EU and NATO greeted Bulgaria on its National Day. The greetings are in Bulgarian on the EU Council's X profile. "Happy National Day, Bulgaria!" reads the greeting on behalf of the institution of the EU heads of state and government...
''Bulgaria can have a strong voice within the European family, rather than waiting for different groups within Europe to decide for us'' , Vice President Iliana Iotova said after the official ceremony in Sofia on the occasion of March 3. Iliana..
Household electricity prices will not go up with the planned liberalization of the electricity market for household consumers as of 1 July this year,..
Twenty-five children and young people who survived kidnapping by the terrorists from Hamas in the tunnels under Gaza, or whose parents are still held..
Sunday will be cloudy. A cold atmospheric front from the west will bring rainfalls. In the western mountainous regions of Bulgaria,..
Mostly Cloudy
Overcast, rain
Cloudy