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%.
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 hostage by Hamas, were gifted a 10-day ski vacation in Bulgaria’s winter resort of Bansko by the..
In the divisive times we are living in it is more important than ever to unite and support one another, said President Rumen Radev at last night’s official iftar dinner in Sofia marking the beginning of Ramadan, the holy month for Muslims. In his..
Sunday will be cloudy. A cold atmospheric front from the west will bring rainfalls. In the western mountainous regions of Bulgaria, the rain will be mixed with snow. The lowest temperatures will be between 2° and 7°C; in Sofia –..
Heads of state and leaders from around the world congratulated the Bulgarian people on their National Day in congratulatory addresses sent to President..
The US Department of State congratulated Bulgaria on March 3. On behalf of the United States of America, please accept my warmest congratulations on..
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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Partly Cloudy