Bulgaria’s real GDP is projected to contract by 7.2% in 2020 largely due to the adverse impact of measures taken to contain the spread of Covid-19 pandemic. In 2021, growth is forecast to rebound to around 6%, partially offsetting the decline in 2020, the European Commission forecasts. The economy in the whole EU will contract by 7.5% this year. The strength of Bulgaria’s economy and the positive external and fiscal balances before the outbreak of Covid-19 pandemic should help this country recover from the large economic shock, the spring forecast of the Commission further reads.
In February, the Commission forecasted that Bulgaria’s economy would increase with 2.9%. A rebound in economic activity is expected in the second half of 2020 with the gradual lifting of confinement measures. Domestic demand is projected to strengthen already in the third trimester and should continue growing in the fourth quarter of 2020, the analysis reads.
Bulgaria will receive the second medical helicopter at the end of November. The third medical helicopter will be delivered at the end of December. There has been a delay in the delivery of the second medical helicopter, which was originally..
We Continue the Change (PP), Democrats for a Strong Bulgaria (DSB) and the Yes Bulgaria Movement signed a coalition agreement to participate in the parliamentary elections on October 27. The coalition will work to make Bulgaria a worthy partner in the..
The union between the Bulgarian Socialist Party and the other left movements hope to achieve a real change that will be a real alternative for the Bulgarian citizens. According to the acting chairman of the BSP Atanas Zafirov, there is no place for "I"..
Unforgettable experiences with fresh beer, specially developed alcoholic and non-alcoholic beer cocktails, favorite Bulgarian and foreign hip-hop and rock..
Toshiba Energy Systems & Solutions Corporation will assist Bulgaria in bringing the Chaira power plant back into operation as soon as possible. The..
On 5 September at 10pm local time, Niagara Falls will be illuminated in the colours of the Bulgarian national flag - white, green and red. The light show..
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