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%.
At a ceremony in the presence of President Rumen Radev, the Bulgarian flag was raised on a 21-meter pylon in the Zvezdata area near Etropole. “Today, we all raise our voices that in a time of division for the world, we will..
A requiem liturgy has been served in the St. Nedelya cathedral on the occasion of the first anniversary of the death of Bulgarian Patriarch Neophyte. He became patriarch on February 24, 2013. “We know and remember Patriarch..
Support for Ukraine is a losing position, President Rumen Radev said regarding the position of Prime Minister Rosen Zhelyazkov after the meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky, which..
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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