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%.
The EU and NATO greeted Bulgaria on its National Day. The greetings are in Bulgarian on the EU Council's X profile. "Happy National Day, Bulgaria!" reads the greeting on behalf of the institution of the EU heads of state and government...
''Bulgaria can have a strong voice within the European family, rather than waiting for different groups within Europe to decide for us'' , Vice President Iliana Iotova said after the official ceremony in Sofia on the occasion of March 3. Iliana..
The National Day of Bulgaria was celebrated with the laying of flowers and wreaths at the Monument to the Unknown Soldier in Sofia and the raising of the national flag. The ceremony was attended by Vice President Iliana Iotova, Minister of..
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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