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%.
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..
On Tuesday morning, there will be reduced visibility in some lowlands and plains. The lowest temperatures will range from minus 4°C to 1°C, for Sofia around 0°C. It will be mostly sunny during the day. In the eastern parts of the country, there will..
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..
Cloudy weather with rain and snow On Monday there will be considerable clouds over most of the country, with rain and snow in some parts of..
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