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.
For the second year, so-called "cherry" tourism is being organized in the region of Kyustendil, known for its delicious cherries, BNR correspondent Kiril Falin has reported. Groups, families, even entire classes of students from all..
For the first time in the history of Mexico, a female president, Claudia Sheinbaum, is at the head of the country. "For the first time in the 200-year history of the republic, I will be the first female president of Mexico,"..
"Bulgaria is the main driving force behind the European integration of the Western Balkan countries because we are aware of how important this integration is for the security, stability and sustainable economic development of the region," said..
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..
“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,”..
European Commission President Ursula von der Leyen will visit Bulgaria's second-biggest city Plovdiv today . The visit is part of the tours in..
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