Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria’s GDP growth to slow down in 2016: Bulgarian Academy of Sciences

Photo: library

A report of the Bulgarian Academy of Sciences presented on Monday in Sofia forecasts that Bulgaria’s economy would slow down in 2016. The scientists expect that the growth of the gross domestic product of that country would be 1% lower as compared to 2015 due to the end of the former programming period and the slowdown of the EU funds absorption in the beginning of the new programming period. The Bulgarian labor market has been showing positive signs, employment has been increasing recently and unemployment level has been dwindling. However, the decrease of the labor force in Bulgaria due to the ongoing demographic crisis is very alarming, the authors of the report contend.




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

Sofia hosts the Intergovernmental Panel on Climate Change

More than 500 delegates from 150 countries have arrived in Bulgaria for the 61st session of the Intergovernmental Panel on Climate Change (IPCC) . The plenary session of the most influential international scientific organisation in the field of climate..

published on 7/26/24 7:05 AM

Sofia, Varna and Burgas to broadcast live the opening of the Olympic Games in Paris

The 33rd Summer Olympics will be officially opened in Paris today. On this occasion, Bulgaria's Head of State Rumen Radev is in the French capital to attend the opening ceremony at the invitation of French President Emmanuel Macron and IOC President..

published on 7/26/24 6:05 AM

UPDATED: Fireworks warehouse complex near Sofia bursts into flames; urgent evacuation ordered

A fire broke out in a fireworks warehouse complex between the town of Elin Pelin and the village of Gara Elin Pelin near Sofia, the BTA news agency reported. There was a series of explosions in the warehouses. The alert for the burning warehouses was..

published on 7/25/24 11:47 PM