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 Saturday it will be mostly cloudy with light rain, which in some places in the northern regions of Bulgaria will be mixed with snow. There will be almost no precipitation in Southeast Bulgaria. In the morning hours in many places in the plains and..
Bulgarian beekeepers', farmers' and grain growers' organisations have spoken out against the construction of wind turbines and photovoltaic plants on agricultural land , BNR's correspondent in Dobrich reports. Beekeepers whose hives are located..
The second helicopter to provide emergency medical services by air landed in Bulgaria this afternoon, the Health Ministry said. It will be used at the HEMS regional base in the city of Sliven. The eight air medical teams that will work there have..
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,..
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