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.
Bulgaria is among the EU countries with the highest number of people with higher education employed on permanent contracts. According to the EUROGRADUATE 2022 survey conducted in 17 countries, the unemployment rate among bachelor's or master's degree..
President Rumen Radev will hand the third government-forming mandate to representatives of There Is Such a People (ITN). The mandate will be presented at 12 p.m on Monday, the Presidency press service reported. Thus, ITN gets the last chance to..
The construction of a ferry link between Tutrakan and the Romanian town of Oltenița is expected to begin soon, the mayor of Tutrakan Municipality Dimitar Stefanov wrote on Facebook after a meeting with his Romanian counterpart Mihăiță Beștea...
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..
On Tuesday there will be sun and temperatures will be high in the Western part of the country. Over Eastern Bulgaria there will be clouds and,..
An explosion has occurred at the Sviloza cellulose factory near Svishtov. Two employees from the factory fire service have been injured, Interior..
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