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.
On Thursday, the lowest temperatures will range from 13°C to 20°C, 16°C in Sofia. It will be sunny during the day and hot in the afternoon. There will be a light wind from the east-northeast, reaching moderate levels in the southeastern parts of the..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an operation in Sofia targeting a group suspected of illegally granting Bulgarian citizenship...
In a declaration, MPs from the We Continue the Change–Democratic Bulgaria (PP–DB) coalition called for Toshko Yordanov, the chair of the Culture Committee and an MP from There Is Such a People, to resign. This followed his controversial comments about..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
On Thursday, the lowest temperatures will range from 13°C to 20°C, 16°C in Sofia. It will be sunny during the day and hot in the afternoon. There will..
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..
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