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.
Doctors without a speciality and nurses should receive a minimum wage of 150% of the average salary in the country. This was proposed at a round table in the National Assembly by protesting doctors from the “Future in Bulgaria”..
The Sultanate of Oman's Minister of Foreign Affairs, Sayyid Badr bin Hamad Al Busaidi, will visit Bulgaria from 2 to 4 July 2025 at the invitation of his Bulgarian counterpart, Georg Georgiev, the Bulgarian Foreign Ministry announced on Wednesday...
The National Assembly will debate the third motion of no confidence in Rosen Zhelyazkov's government today. The vote will take place no earlier than 24 hours after the end of the debates. Proposed on 27 June by the Vazrazhdane party, the motion of..
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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