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.
A special operation on Bulgaria's southern Black Sea coast has seized 18,000 canistars of laughing gas. Warning protocols were issued to 15 people selling laughing gas balloons to stop selling the product to minors and indoors. Specialists from..
State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian company said. The Bulgarian side is seeking compensation of more than 400 million euro for damages..
The leader of "Democrats for a Strong Bulgaria" (DSB), Atanas Atanasov, has told BNT that a single body should be created in "We Continue the Change - Democratic Bulgaria", which is to discuss all issues and make common decisions in..
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..
State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian..
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