The Bulgarian economy marked a 4.3% growth rate during the third quarter compared to the second quarter, when a record decline of 10.1% was registered, National Statistical Institute data indicate.
Compared to the third quarter of 2019, the GDP continues to shrink by 5.2% year over year. Due to the strict quarantine during the second quarter the annual decline reached 8.6%, the worst economic downturn in the country since the beginning of 1997.
Final consumption registered a positive economic growth rate of 9.3% in the third quarter of 2020 compared to a year earlier. The external balance is positive, National Statistical Institute figures show.
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on Thursday. Prime Minister: Bulgaria has a month to decide how to proceed after US sanctions on..
Bulgaria has until 21 November to decide how to proceed with the Lukoil Neftochim refinery, Prime Minister Rosen Zhelyazkov said on Thursday ahead of a meeting of EU leaders in Brussels. He was apparently referring to the end of a US Treasury..
The Bulgaria army will make up for the lack of personnel but not immediately. For 2025, we have money to hire only 1,000 new soldiers, said Defense Minister Atanas Zapryanov before the relevant parliamentary committee. The committee supported the..
Overcast, rain
Rain