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 leader of "Movement for Rights and Freedoms – New Beginning", Delyan Peevski, called on the parliamentary groups to fulfill only one responsibility – to adopt the state budget in order to guarantee the security of the country and the..
The safe departure of 15 Bulgarian nationals who have requested to leave Syria will be ensured at the first opportunity, the Ministry of Foreign Affairs said. The Embassy of the Republic of Bulgaria in Damascus is in constant contact with the..
Vice President Iliana Iotova expressed hope that the parliamentary forces will do everything possible to gather a majority to form a cabinet. "Bulgaria needs a stable government", Vice President Iotova said in the town of Panagyurishte, adding..
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..
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The..
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37..
Mostly Cloudy
Cloudy