With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit for new debt from 1.1 billion euros to over 5 billion euros.
GDP is expected to decline by 3% this year. According to government estimates, unemployment rate is expected to rise by about 2% in comparison to 2019 to the level of 6.2%. Export of goods and services will fall by more than 16% overall, with export of services that includes tourism and transport dropping nearly 26%.
For the first time in the 35-year history of diplomatic relations between Bulgaria and the Republic of Korea, the city hall building was illuminated in the colours of the Bulgarian national flag on the Bulgarian National Day of March 3. This was made..
History is not a reason for division, but a common destiny, a lived experience from which we must emerge wiser, more tolerant, more united and stronger. This was stated by President Rumen Radev in his official speech on March 3. “Today, in..
The re-registration of displaced persons from Ukraine who have temporary protection in Bulgaria will take place from March 4 to April 30. This will be done at the police stations across the country based on the address registration of people who..
Household electricity prices will not go up with the planned liberalization of the electricity market for household consumers as of 1 July this year,..
Heads of state and leaders from around the world congratulated the Bulgarian people on their National Day in congratulatory addresses sent to President..
Twenty-five children and young people who survived kidnapping by the terrorists from Hamas in the tunnels under Gaza, or whose parents are still held..
Clear
Partly Cloudy