The unemployment rate in Bulgaria is expected to jump to 7% in 2020, after having reached historic lows of 4.2% in 2019, the economic forecast of the European Commission shows. Job losses are set to be most pronounced in the services sector (retail trade, transport, hospitality industry) which will function at up to 40% of their full capacity. In 2021 a partial recovery in employment is expected and unemployment rate is expected to decrease to 5.8%.
Commissioner for Economy Paolo Gentiloni expects that Bulgaria’s budget deficit will be below 6% of the GDP. Bulgaria’s consumer price inflation is expected to fall from 2.5% in 2019 to 1.1% in 2020 and stay at that level in 2021. General government debt is expected to increase and reach 25.5% of the GDP in both 2020 and 2021.
It will be sunny and hot on Tuesday. There will be light to moderate northerly wind. The lowest temperatures will range from 17°C to 22°C, for Sofia 17°C. Maximum temperatures will range from 34°C to 39°C, for Sofia - around 33°C. It will be..
Reactor No. 6 of the Kozloduy Nuclear Power Plant was reconnected to the national electricity system at 9 AM on 8 July. The reactor was disconnected on 15 June for planned preventive maintenance of the functioning of a non-nuclear transformer and a..
People in Bulgaria are well aware of the causes and the consequences of climate change, but are uninformed as to the ways to tackle it, indicate data from the latest 6 th climate survey by the European Investment Bank. The survey was..
Wednesday will be hot and sunny. There will be clouds in the afternoon, but rain will only fall in parts of Eastern Bulgaria and in the mountains...
The National Museum of Literature celebrates 174 years since the birth of Ivan Vazov. The celebration also marks the round anniversary of the first..
The start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
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