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.
With a majority of 197 votes and eight “abstentions”, the MPs accepted the resignation of the former co-chairman of “We Continue the Change” Kiril Petkov as an MP. He took political responsibility for the corruption scandal in..
The authorities in Burgas are introducing a 35-kilometer security zone in the waters of the Burgas Bay, where waiting tankers will not be allowed, BTA reported. The measure is in response to growing public discontent over the strong..
Bulgarian short animated film “The Artist’s Daughter” will be presented today in Tokyo as part of the EU Film Days, BTA reports. The animation is part of the festival program in the “Memory and History” section. “The Artist’s..
A segment of a global money laundering network operating through financial fraud has been dismantled, the Sofia District Prosecutor's Office and the..
Sofia is hosting a trilateral meeting of the defence forces heads of Bulgaria, Romania and Turkey. The Ministry of Defence announced that, at the..
The Ministry of Transport has published for public discussion changes to the Regulation on Unmanned Aircraft Systems. The..
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