A drop in export by 8% and in import by 10%, a rise in the unemployment rate by 170,000 lost jobs and a growth of the external debt by 2.3 billion Leva – this is the picture of the past year of coronavirus pandemic, said Radosvet Radev, chair of the Bulgarian Industrial Association in an interview for the BNR.
In his words the withholding of investments and the drop in consumption are worrying. Radosvet Radev also predicted cascading bankruptcies of companies after April when the moratorium on credits will be lifted.
According to Krassen Stanchev from the Institute for Market Economics, large fiscal reserves were accumulated which cushioned the blow. He added that almost 1.4 million people have not been included in any support scheme as the measures were accessible to no more than “10% of the economic entities”.
The newly elected Bulgarian Patriarch Daniil attended a reception at the US Embassy on the occasion of Independence Day, BGNES reported. The head of the Bulgarian Orthodox Church was invited by Ambassador Kenneth Merten to attend the..
Humanitarian aid provided by Bulgaria to the civilian population of Gaza was loaded in trucks that departed for the region on June 29, the Bulgarian Embassy in Jordan announced on Facebook. The shipment includes food, medicine, tents..
President Rumen Radev has held a working meeting with Greek Prime Minister Kyriakos Mitsotakis. In Athens, they discussed the urgent activation of work on strategic bilateral projects. At a briefing, Radev said that the liquefied..
The Balkans are attracting more and more medical tourists, with Turkiye being the undisputed leader, ranking among the top 10 most preferred countries..
The Movement for Rights and Freedoms (DPS) will immediately return the second government- forming mandate , DPS Co-chairman Delyan Peevski told..
Hungary’s Deputy Interior Minister Bence Retvari stated that the abolition of Bulgaria and Romania’s Schengen borders by land is very important to the..
Clear
Partly Cloudy