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%.
A village of small houses dating from the 13th-15th cent. AD , very similar to the dwellings of the Hobbits, has been excavated by archaeologist Prof. Nikolay Ovcharov and his team. It is a complex of a dozen small houses located in the southern part of..
Today is the deadline for forming polling stations with orders from the heads of diplomatic and consular missions around the world and this deadline will be respected, Tsvetozar Tomov of the CEC said at a briefing. 719 stations in..
Bulgaria's Deputy Prime Minister and Minister of Finance Lyudmila Petkova represented Bulgaria at the regular meeting of the Economic and Financial Affairs Council (ECOFIN) in Luxembourg. Among the topics discussed were the economic..
Bulgarian farmers remain ready to protest due to delayed payments under the so-called "Ukrainian aid". The government has paid BGN 200 million (EUR 102..
A commemorative ceremony was held at the Sofia Synagogue to mark one year since the unprecedented attack by the Palestinian movement Hamas against..
On Wednesday, the lowest temperatures will be between 6 and 11°C; in Sofia - about 8°C. The highest will be between 23 and 28°C; in..
Partly Cloudy
Mostly Cloudy
Clear