The Bulgarian economy will start growing after the crisis, but this will happen next year at the earliest. The worst consequence of the pandemic is deferred consumption. Because of it in 2020 the state budget did not receive more than 500 million euros, according to the Bulgarian Industrial Association. The mass vaccination against Covid-19 is expected to accelerate economic recovery.
Pre-crisis levels of Bulgarian GDP are expected to be reached in 2022, but the first signs of economic recovery in production are already visible, and the vaccine against Covid-19 gives optimism, chairman of the Bulgarian Industrial Association Radosvet Radev said.
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..
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