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, 9 October, cloud cover will remain heavy over the eastern half of the country . Many areas will see rain in the morning, but showers will weaken and stop during the day. In the west, the chance of rain is low and skies will gradually clear...
The European Commission has brought legal action against Bulgaria at the European Court of Justice (ECJ), arguing that the country has not fully transposed EU rules on the posting of drivers into national law and calling for financial penalties, BNR..
A study by the Institute of Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University “St. Kliment Ohridski” has been recognised as a leading paper at one of the world’s most prestigious events in artificial intelligence and..
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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