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 sale of assets of the Russian oil company Lukoil in Bulgaria will only proceed following a decision by the Council of Ministers and approval from the State Agency for National Security (SANS) , MPs stipulated during the first reading of amendments to..
Bulgaria needs to make additional efforts to prevent human trafficking and to protect victims, according to conclusions from a report by the Council of Europe’s Group of Experts on Action against Trafficking in Human Beings (GRETA), published..
The Bulgarian National Bank (BNB) has acquired 66,000 troy ounces of gold (2053.2 kg. ), the national bank writes on its website. The BNB made this purchase after, on 8 July, the Council of the EU adopted a decision on the adoption of the..
Bulgarian investigative journalist Christo Grozev was honored as European Journalist of the Year at the official ceremony of the PRIX EUROPA festival..
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..
From 13 October until 28 November, the Bulgarian Red Cross will hand out products, purchased by the Social Assistance Agency, to vulnerable..
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