Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 All Rights Reserved

EU maintains Covid-19 economic forecast for Bulgaria

Photo: Archive

Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission. In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and growth of 6% for 2021. 

Despite the good economic performance at the beginning of the year, the Covid-19 pandemic had a negative impact on the economy, the European Commission notes in relation to Bulgaria. It points to declining private consumption due to the restrictive measures, while reduced revenues, lower capacity utilization and greater uncertainty are limiting investment. 
Exports are also affected by the deteriorating situation abroad, with a revival expected in the second half of 2021.



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

Sunny Tuesday with occasional showers.

Tuesday will be mostly sunny. Over Western and Central Bulgaria cumulus and cumulonimbus clouds will develop and it may rain in places. Minimum temperatures will be between 5° and 10°C, around 7°C in Sofia, and maximum temperatures between 21°C and..

published on 4/21/25 7:05 PM

Pope Francis appeared yesterday wearing an omophorion from Bulgaria

On his last Easter, Pope Francis appeared before the faithful wearing an omophorion that he received as a gift during his visit to Bulgaria in 2019. Pope Francis remembered: Reactions from Bulgaria The word omophorion comes from the Greek word..

published on 4/21/25 4:19 PM

Pope Francis remembered: Reactions from Bulgaria

"I am deeply saddened by the passing of His Holiness - a true friend of Bulgaria and a global symbol of peace, compassion and unity," Prime Minister Rosen Zhelyazkov wrote on social media platform X in response to the news of the death of Pope Francis...

published on 4/21/25 1:53 PM