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.
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04. Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer..
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