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.
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37 years old, has been quarantined at home and is in good condition, with a mild course of the disease. The..
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The precipitation is expected to stop in most parts after midday. Minimum temperatures 1-6° C., for Sofia around..
Acting Bulgarian Prosecutor-General Borislav Sarafov has asked Parliament to lift the immunity of Kiril Petkov, an MP and co-leader of the People's Party (PP). The reason is the arrest of GERB leader Boyko Borissov in 2022, which was later declared..
It is too early to predict how the events in Syria would affect the war in Ukraine. This is what EU Defense Commissioner Andrius..
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37..
We Continue the Change/Democratic Bulgaria (PP/DB) will propose the setting up of a parliamentary commission of inquiry to conduct a large-scale..
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