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.
Thanks to the improved conditions for operating civil flights in the airspace of Israel, the national carrier is restoring its flights to and from Tel Aviv, starting from December 26. Flights on the regular route of "Bulgaria Air" to..
Currently there is no risk of stopping the transit of natural gas from Russia through Bulgaria to other countries. This is what the Russian state agency TASS writes after Bulgarian Energy Minister Vladimir Malinov warned that..
Bulgarian citizens in UK, who are accused of spying for Russia, planned to kidnap a Russian investigative journalist and take him off the island by boat, it became known at the last session of the trial at the Central Criminal Court..
The decision to scrap Schengen border checks by land for Bulgaria and Romania has been included as the first item on the agenda of the EU Justice and..
Pensioners whose monthly pension is below the poverty line of 526 leva (EUR 269) will receive a Christmas bonus of 100 leva (EUR 50), said caretaker..
Democratic Bulgaria has issued a position stating that an attempt must be made to form a government within the current parliament so as to avoid one..
Mostly Cloudy
Cloudy