Podcast in English
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

Admiral Emil Eftimov

Bulgaria's Chief of Defense Emil Eftimov to present an analysis of the state of the Armed Forces

The annual conference of Bulgaria’s Chief of Defense Admiral Emil Eftimov will take place from February 25 to 26, 2025. Today, Admiral Eftimov will present the "Analysis of the state and preparedness of the Armed Forces in 2024." Defense Minister..

published on 2/25/25 7:10 AM

Goethe Institut Bulgaria hosts a discussion on the potential of culture to counter youth aggression

Goethe Institut Bulgaria and Ideas Factory Association are organizing a discussion on the role of culture as a means of countering violence and youth aggression. The event will take place from 16.0 pm to 18.00 pm at Goethe Institut Bulgaria. The open..

published on 2/25/25 6:00 AM

Temperatures are expected to rise on Tuesday

On Tuesday , the minimum temperatures in Bulgaria will be between minus 5 and 0°C, in the northeast - as low as minus 11°C. In Sofia, it will be around minus 3°C.  In the morning, fog is possible near the rivers. During the day, there will be light..

published on 2/24/25 7:25 PM