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 ranks last in the EU with just 12 priests per 100,000 people. There are more than 8,000 churches and monasteries in the country, or 10 times more temples than clergy, according to the latest national census of 2021. 51.4%..
North Macedonian Prime Minister Hristijan Mickoski said that the rights of Bulgarians in North Macedonia were respected, but the same could not be said about the "Macedonian minority" in Bulgaria, BGNES reports. At a meeting at Johns..
The leadership of "Yes, Bulgaria" party proposes a plan for the coalition "We Continue the Change - Democratic Bulgaria" (PP-DB) to test the readiness for reforms in the 50th National Assembly, if there was willingness to participate 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 start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
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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