Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria is one of the few countries in the EU with economic growth

Photo: BGNES

The economies of the 27 EU countries contracted at a record high in the first quarter of 2020 by 3.3%. Only 9 countries show a small growth. Among them is Bulgaria with a 2.4% increase in GDP compared to the same period in 2019, Eurostat reported. 

Compared to December 2019, only the economies of Finland, Bulgaria and Romania have a growth of 0.3 percent. 

According to national statistics, Bulgaria has a weaker growth in the first quarter compared to the same period in 2019. Then GDP growth was 3.1%, while in 2020 it was 2.4%. The sharp slowdown is due to the decline in final consumption, which began before the Covid-19 pandemic, according to the National Statistical Institute.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Farmers donate produce to farmers affected by wildfires

Farmers are donating 19 trucks of their produce for the farmers from Southern Bulgaria affected by the wildfires. The Ministry of Agriculture and the Southwestern State Enterprise are helping the national association United Farmers transport the..

published on 7/29/24 3:48 PM

Old minefield is hampering efforts to extinguish fire on Greek-Bulgarian border

The efforts to put out the fire on the Greek Bulgarian border continue. Two aircraft sent by France under the EU civil protection mechanism will join the efforts in the coming two days , caretaker Prime Minister Dimitar Glavchev said, and went on to..

published on 7/29/24 2:07 PM

Explosion at cellulose factory near Svishtov, the fire has been extinguished

An explosion has occurred at the Sviloza cellulose factory near Svishtov. Two employees from the factory fire service have been injured, Interior Minister Kalin Stoyanov said.  The incident took place at around 11 am. The fire has now been fully..

published on 7/29/24 1:55 PM