The sums Bulgarians living abroad send back to their families in this country have dropped dramatically, according to Bulgarian National Bank data. The money transfers have gone down by 370 million euro over the first 6 months of the year due to the coronavirus pandemic.
636 million euro entered the country over the same period of last year, whereas this year this figure is 266 million.
According to Latchezar Bogdanov from the Institute for Market Economics this fact will affect Bulgaria’s economy. “For households who regularly receive money transfers this will be a serious blow to their incomes,” he commented for Nova TV. The economist predicts that, if the crisis in tourism continues, seasonal jobs will be lost. “The corona-crisis will catalyze serious reforms,” he says.
It will be mostly sunny on Sunday. Clouds will form over the mountains in the afternoon hours with a chance of isolated showers. The weather will be calm in most parts of the country. There will be light northeasterly wind in Eastern Bulgaria. The..
''Jesus Christ’s victory over death, darkness and the all-consuming and destructive power of evil, is the culmination, the highest and most categorical expression of God's love for us and for the entire creation'', reads the Paschal message to..
The thirty chapels of Momchilovtsi are among the most visited tourist attractions in the Rhodope village during the Easter holidays. "Routes for pilgrimage tourism lead to the chapels that protect the village", says Mayor Siyka Surkova. In..
Children of different nationalities and their families will dye Easter eggs from 10.00 am to 14.00 pm in Canyon Park in Mladost residential district in..
The weather conditions for mountain hiking are poor on Saturday, the Mountain Rescue Service said. It is raining on higher ground. There is fog..
It will be mostly sunny on Sunday. Clouds will form over the mountains in the afternoon hours with a chance of isolated showers. The weather will be..
Partly cloudy, chance of rain
Partly Cloudy
Mostly Cloudy