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 the day of the third boycott of large retail chains their turnover increased by over 1 million euros, according to data from the National Revenue Agency. A day earlier, traders reported revenue of over 12,7 million euros, while on..
Acting Prosecutor General Borislav Sarafov requested lifting the immunities of MPs Bozhidar Bozhanov and Kiril Petkov from “We Continue the Change – Democratic Bulgaria”. A day earlier, he took the same action against four MPs from..
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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,..
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