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 Ministry of Foreign Affairs has vehemently condemned the vandalism against the synagogue in Varna and the Monument of Gratitude in Burgas, which is a token of gratitude for the rescue of the Bulgarian Jews during World War II, the Ministry..
“Ensuring the security of the transition to the eurozone” – this is the title of the forum dedicated to security measures for the introduction of the euro, which will be held today in Sofia. It is organized by the Association of Industrial Capital in..
The European Environmental Festival “Green Wave – 21st Century” is returning to Bulgaria's town of Kardzhali with practical training, screenings and discussions , informs Radio Kardzhali of the Bulgarian National Radio. The aim of the event, which will..
Bulgarian investigative journalist Christo Grozev was honored as European Journalist of the Year at the official ceremony of the PRIX EUROPA festival..
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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