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 National Museum of Literature celebrates 174 years since the birth of Ivan Vazov. The celebration also marks the round anniversary of the first independent Bulgarian edition of the novel "Under the Yoke", published in 1894 by the publishing house..
From July 9 to 11, Caretaker Prime Minister and Minister of Foreign Affairs Dimitar Glavchev will participate in the NATO Summit in Washington. The delegation led by Premier Glavchev will include caretaker Minister of Defense Atanas Zapryanov,..
The former leader of the Bulgarian Socialist Party (BSP) and member of the 50th National Assembly, Korneliya Ninova, has described the situation in the country as a collapse of the state. According to Ninova, the inability to form a cabinet is a sign..
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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