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.
On Wednesday, the lowest temperatures will range from 0°C to 5°C, for Sofia 0°C. During the day, it will be mostly cloudy with fog in the plains. There will be light rain in some places. Daytime highs will be between 4°C and 9°C, around 6°C in the..
Caretaker Minister of Foreign Affairs Ivan Kondov held a bilateral meeting with his Ukrainian counterpart Andrii Sybiha during the NATO Foreign Ministers' Meeting. Ivan Kondov assured that Bulgaria will continue its unwavering and consistent support..
Caretaker Minister of Transport and Communications Krasimira Stoyanova met in Sofia with the Ambassador of Ukraine to Bulgaria, Olesya Ilashchuk. The two discussed ensuring the smooth movement of Ukrainian cargo to the EU via the Solidarity..
"We demand the resignation of the management of the Bulgarian Food Safety Agency for failing to address the problems, specifically the case with the..
North Macedonia’s Foreign Minister Timčo Mucunski was heard in the European Parliament’s Foreign Affairs Committee. He..
A concert entitled “Volunteer’s Day” will bring together young talents dedicated to the causes of healthy living and volunteering on one stage in..
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