The Economist Intelligence Unit (EIU) has updated its assessment for Bulgaria in 2020. Adjusted expectations of the EIU are for a 4% decline of GDP, while on April 28 the forecast was for 5.8% decline.
The explanation comes from the fact that in national statistics for the first quarter results are better than expected - GDP growth of 0.3% compared to the last three months of 2019 and growth of 2.4% on an annual basis. This leads to a better forecast for the fiscal deficit - 4.5% of GDP, instead of 6.3% for 2020 and 2.7% instead of 3.4% for 2021. The EIU predicts that because of entry into the Eurozone by 2023 the government would try to balance the budget deficit caused by Covid-19.
The Bulgarian National Radio has presented its annual journalism awards "Sirak Skitnik". The grand prize went to Tsveti Radeva, host of the folk music show "Imat li pesnite spirane" on Horizont channel. The grand prize was presented by..
During the night, the cloud cover will remain significant over the eastern parts of Bulgaria. Clear skies are in the forecast for the rest of the country. Around and after midnight, there will be fog in some valleys and lowlands . Minimum..
''Bulgaria has welcomed with great relief and joy the release of Bulgarian citizen Daniela Gilboa, who had been held captive by Hamas. This positive outcome is the result of intense diplomatic efforts, in which Bulgaria actively participated'',..
"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said..
In a statement on behalf of "We Continue the Change – Democratic Bulgaria", MP Martin Dimitrov stated that the ''first action of the new government is..
Personnel and military equipment will be transported through the territory of Bulgaria between January 24 and February 9. The Ministry of Defense..
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