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.
Fewer and fewer Bulgarians living abroad send their children to Sunday schools where Bulgarian language and culture are taught, said Veneta Nenkova, founder of the Bulgarian school ''Asen and Iliya Peykovi'' in Rome, in an interview with the BNR’s..
Bulgarian MPs are discussing a third vote of no confidence in the government of Rosen Zhelyazkov, BTA reports. According to the initiators from Vazrazhdane, the cabinet has failed in its financial policy. “The cabinet is..
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..
Sofia is hosting a trilateral meeting of the defence forces heads of Bulgaria, Romania and Turkey. The Ministry of Defence announced that, at the..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
The Ministry of Transport has published for public discussion changes to the Regulation on Unmanned Aircraft Systems. The..
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