The GDP of Bulgaria will shrink by 5.1 % in 2020, but will grow by 2% in 2021 and 3.7% in 2022, indicates the European Commission’s autumn economic forecast. In July Brussels predicted a bigger decline for the country (-7.1%), but also a higher growth rate for next year (+5.3%).
The Bulgarian economy has started to recover after the sharp decline during the second quarter, and is expected to continue to grow, according to the EC forecast. Domestic demand and exports will contribute to the growth. Unemployment is becoming stabilized after the initial steep rise, in part because of the state-funded measures for protecting jobs.
Citing data from the European Commission, Prime Minister Boyko Borissov wrote on his Facebook profile that "Bulgaria is the only country in the European Union whose deficit wоулд not exceed 3% of the country's GDP in 2020.
Bulgarian investigative journalist Christo Grozev was honored as European Journalist of the Year at the official ceremony of the PRIX EUROPA festival in Berlin. Bulgarian investigative journalist Christo Grozev named European Journalist of the..
From 13 October until 28 November, the Bulgarian Red Cross will hand out products, purchased by the Social Assistance Agency, to vulnerable citizens, the press centre of the organization has announced. The initiative is part of the “Food and basic..
An amateur marathon under the motto "Let's Outrun Dementia" will be held at 9 am in Sofia's South Park on October 11 . The initiative is by the civil association "Alzheimer Bulgaria" and aims to encourage active living as a prevention against..
The population of white storks in Bulgaria has increased by 33% in recent years, according to data from the 8th International White Stork Census , cited..
Bulgarians living abroad have shown unprecedented interest in the Ministry of Labour and Social Policy’s “I Choose Bulgaria” programme, deputy Minister for..
On Friday, the lowest temperatures will range between 5°C and 11°C, in Sofia 7°C. During the day, the cloud cover across the country will be..
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