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.
Sofia is hosting a trilateral meeting of the defence forces heads of Bulgaria, Romania and Turkey. The Ministry of Defence announced that, at the invitation of Chief of Defence Admiral Emil Efimov, the heads of the Romanian and Turkish defence forces,..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University "St. Kliment Ohridski" has launched a joint program with the Artificial Intelligence Laboratory of the Massachusetts Institute of Technology (MIT)..
On Wednesday, minimum temperatures will range from 16 to 19 °C. The day will be sunny, with cumulus clouds forming over the mountains in the afternoon and occasional brief showers. Maximum temperatures will range from 30 to 35°C . In the capital -..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
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..
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