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.
In a major article entitled "Bulgarians exploited the computer that said 'yes'", The Times says that the British nation owes gratitude to Inspector Vassil Panayotov for exposing the gang of Bulgarian fraudsters who took advantage of the "generosity and..
I will not be Patriarch. This I can declare, and you have no idea who will be the Patriarch," Metropolitan Nikolai of Plovdiv said in Burgas. The comment was made two days after Metropolitan Anthony of Western and Central Europe said that no document..
One urgent project is the dredging of the port of Varna to give it the necessary depth to accommodate the country's new warships, Defence Minister Atanas Zapryanov said in an interview with the daily 24 Chasa. Mr Zapryanov is continuing consultations..
At noon sharp today, air raid sirens will sound throughout the country for 2 minutes in tribute to the memory of revolutionary poet Hristo Botev and all..
Three police officers were injured during last night’s playoff in the Conference League qualifying phase between CSKA-Sofia and CSKA 1948 at Vasil..
“In Bulgaria there are many other camps and prisons but Belene has come to be regarded as a synonym of communist repression and communist brutality,”..
+359 2 9336 661