Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The risks to the Bulgarian economy remain for 2021

Photo: Pixabay

Bulgaria's negative GDP of -3.9% in 2020 and the expected growth of 4% for the first quarter of 2021 show that the economic recovery is close. But there are challenges that could bring back the recession. Such are the lack of private consumption and investment, stagnation in foreign trade, lack of supplies and components from Asia and Europe, which blocks production. This was stated by Plamen Dimitrov, manager of Coface Bulgaria, during the webinar on the topic: "Is a recession expected in the Bulgarian economy?", BTA reported.

Only 0.88 percent of Bulgaria's population has received both doses of the Covid-19 vaccine according to data until March 17, which further complicates the recovery of the business environment, Dimitrov added.



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

Allianz Trade forecasts Bulgaria as one of CEE’s fastest-growing economies

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 Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..

published on 10/22/25 2:38 PM

Christine Lagarde highlights the advantages of Euro adoption for Bulgaria

With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank  President Christine Lagarde said in an interview with public service..

published on 10/20/25 10:37 AM
Tomislav Donchev and Mila Nenova, Executive Director of Invest Bulgaria Agency, at the presentation of the map.

Ministry of Innovation and Growth presents Bulgaria’s first interactive investment map

The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign investors with useful and up-to-date information in one place, making it easier for them to make..

published on 10/17/25 10:37 AM