The economic crisis in Bulgaria is deepening, and the country is among the countries of Southeastern Europe which is spending the most due to the coronavirus. That is why its economic recovery is expected to be slower and more difficult after the predicted shrinkage of its GDP.
In 2020 the growth of the Bulgarian economy is expected to shrink by around 7%, and unemployment – to exceed 10%. This is indicated by the annual “Bulgaria in figures” edition of the Bulgarian Chamber of Commerce and Industry (BCCI) with data about the country’s economic indicators in 2019 compared to 27 international rankings.
Bulgaria is improving its position – from 77th to 71st place – in “absence of corruption” but is declining in “rule of law”, “prosperity” and “conditions for doing business”, the document reads.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
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