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.
Bulgaria’s President Rumen Radev has issued a decree appointing Deputy Minister of Foreign Affairs Maria Angelieva as Bulgaria’s Ambassador to Hungary. The decree was promulgated in State Gazette on Tuesday, reported BTA. Maria Angelieva graduated..
The new modular multi-purpose vessel of the Bulgarian Navy, ''Hrabri'' (Brave), was launched into Varna Lake from the pier of the MTG – Dolphin shipyard. Construction of the modular multi-purpose vessel began in 2022. It is the first of two..
''Russia continues to disturb satellite and Radio Navigation Satellite System (RNSS) signals, affecting European countries’ critical infrastructure and services'', Bulgaria’s Ministry of Foreign Affairs wrote on X. Von der Leyen’s plane..
The amount of the average social security income for the country for September 2025 is 962.25 EUR and the amount of the average monthly social security..
On Wednesday, minimum temperatures will range from 4 to 9°C across the country, reaching around 2°C in Sofia. The wind will ease and fog will settle in..
Bulgaria’s Energy Minister, Zhecho Stankov, has reassured citizens and businesses that the country’s fuel supplies are sufficient to last for an extended..
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