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.
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..
In Saturday an atmospheric disturbance will sweep across the country. Minimum temperatures will reach 8-13° C., for Sofia 10° C. After the nighttime precipitation over Northern Bulgaria, during the day the Northwesterly wind will pick up..
The main political war being waged in Bulgaria is related to the geopolitical orientation of the country in the future. This was what Prime Minister Rosen..
The crew of a cargo ship sailing under the flag of Cameroon with 10 Ukrainian sailors on board was rescued in an operation led by the..
There is no declared investor interest from a potential buyer and no negotiations for the sale of "Lukoil Neftochim Burgas". This was..
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