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.
Bulgaria is in second place after Cyprus in the ranking of forest fires in Europe in 2024, according to the European Forest Fire Information System. About 600 forest fires break out in this country every year, affecting..
The nine-year-old boy, who was seriously injured in an accident with a cleaning machine on the central beach in Sozopol, has stable parameters, "Pirogov" reported. The child was transported by air from Burgas and underwent diagnostic..
The fire at a landfill in the village of Tsalapitsa near Plovdiv has been completely extinguished, but a team of fire-fighters with equipment remains there, Plovdiv Mayor Kostadin Dimitrov announced. The air quality indicators..
Bulgaria introduces mandatory disinfection of vehicles at all border crossings because of outbreaks of small ruminant plague in Northern..
Sunny weather will prevail on Monday. There will be more significant increases in cloudiness over the northern and eastern regions of..
Bulgaria is in second place after Cyprus in the ranking of forest fires in Europe in 2024, according to the European Forest Fire..
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