Podcast in English
Text size
Bulgarian National Radio © 2024 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

MP from ITN demands resignation of Caretaker Interior Minister Atanas Ilkov and National Theater director Vasil Vassilev

At a press conference in the National Assembly, MP Stanislav Balabanov from ITN has demanded the resignation of Caretaker Interior Minister Atanas Ilkov and the Director of the National Theater Vasil Vassilev. According to Balabanov, the law enforcement..

published on 11/8/24 12:35 PM

Turbot quota for Bulgaria up by 10%

Over the next four years, the allowed catch for turbot in Bulgaria will be within the range of 82.5 tons. This is 10% more compared to the current allowed catch, the Ministry of Agriculture and Food says. The same quota has been set down for Romania..

published on 11/8/24 12:15 PM

ITN has collected more signatures than necessary for approaching the Constitutional Court for a partial annulment of the election

There Is such a People (ITN) has collected 67 signatures and are submitting a complaint to the Constitutional Court for the partial annulment of the election for parliament on 27 October 2024. At a press conference in the National Assembly..

published on 11/8/24 11:59 AM