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

Luboslav Kostov

Trade Unions: The minimum wage should be EUR 620.2 as of January 1

As of January 1, 2026, the minimum monthly wage should be 1,213 BGN (EUR 620.2), up from the current 1,077 BGN (EUR 550.66), said Luboslav Kostov, Chief Economist at the Confederation of Independent Trade Unions in Bulgaria (CITUB), in an interview..

published on 8/26/25 5:11 PM

Eurostat: Annual inflation in Bulgaria in July is 3.4%

Inflation in the EU in July reached 2.4% on an annual basis , according to Eurostat data. Regarding Bulgaria, European statistics report an increase in inflation to 3.4% in July this year compared to the same month last year. According to this..

published on 8/20/25 3:15 PM

Investments from Italy, the Netherlands and Greece lead in the first half of the year

For the period January-June 2025, the net flow of foreign direct investment in the country reached EUR 848 million (0.8% of GDP), which represents a decrease of EUR 31.4 million compared to the same period in 2024.  In June 2025, the flow was negative..

published on 8/18/25 5:19 PM