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.
The new chairman of the State Agency for Refugees, Ivan Ivanov, has asked the Council of Ministers to conduct an inspection of the agency . The audit should establish whether there were any irregularities in the spending of funds, reporter Daniel..
A total of eight new European bison (two males and six females) were brought in two stages in June to the area of the village of Zhenda in the Eastern Rhodopes by the Rewilding Rhodopes Foundation, BTA has reported. Satellite transmitter-collars were..
The anniversary of the enthronement of Bulgarian Patriarch Daniil was celebrated at the Rila Monastery today. Hundreds of faithful, clergy, and officials gathered early at the holy site to honor the anniversary of his ascension to the patriarchal throne...
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..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
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