Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

GDP loss could reach EUR 500 million: Economy minister

Minister Lachezar Borisov
Photo: BGNES

As Minister of Economy I did not want to see this sector closed. However, the new restrictions will last for 3 weeks only. On December 21, the business will start functioning again. We need to take into account the epidemic situation and think about peoples’ health. “A healthy economy needs healthy people”, this country’s Minister of Economy Lachezar Borisov said for BNT.

The restaurant and catering business will be closed. Trade remains open, except for the shopping malls. We will have to invest EUR 200 million to support our economy. For the time being, no extension of the moratorium on loans is planned. According to the most-pessimistic scenario, GDP loss will amount to EUR 500 million, but this can be compensated, Minister Borisov contends.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..

published on 7/5/24 1:44 PM

BNB sets base interest rate at 3.63% as of July 1

The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..

published on 7/1/24 8:52 AM

EC: Bulgaria still not meeting eurozone criteria

Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..

published on 6/26/24 1:51 PM