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.
President Rumen Radev urged the representatives of the parliamentary group of There Is Such a People (ITN) to begin negotiations with the other political formations in the 50 th National Assembly immediately. Rumen Radev handed ITN the third and..
The government of Bulgaria is following, with increasing concern, the statements and declarations by officials from North Macedonia, aimed at violating international commitments in the sphere of infrastructure connectivity, including the..
Bulgaria is among the EU countries with the highest number of people with higher education employed on permanent contracts. According to the EUROGRADUATE 2022 survey conducted in 17 countries, the unemployment rate among bachelor's or master's degree..
It will be sunny on Monday. Clouds will form over the northern, central and northeastern parts of the country in the afternoon and the evening with a..
The efforts to put out the fire on the Greek Bulgarian border continue. Two aircraft sent by France under the EU civil protection mechanism will join..
On Tuesday there will be sun and temperatures will be high in the Western part of the country. Over Eastern Bulgaria there will be clouds and,..
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