The GDP of Bulgaria will shrink by 5.1 % in 2020, but will grow by 2% in 2021 and 3.7% in 2022, indicates the European Commission’s autumn economic forecast. In July Brussels predicted a bigger decline for the country (-7.1%), but also a higher growth rate for next year (+5.3%).
The Bulgarian economy has started to recover after the sharp decline during the second quarter, and is expected to continue to grow, according to the EC forecast. Domestic demand and exports will contribute to the growth. Unemployment is becoming stabilized after the initial steep rise, in part because of the state-funded measures for protecting jobs.
Citing data from the European Commission, Prime Minister Boyko Borissov wrote on his Facebook profile that "Bulgaria is the only country in the European Union whose deficit wоулд not exceed 3% of the country's GDP in 2020.
During the night there will be rain in many parts. In Eastern Bulgaria and in the Northwest the rain will be temporarily intensive, and there will be thunder. Minimum temperatures 7° C. - 12° C., for Sofia around 8° C. On Sunday the weather..
After the end of Pope Francis’ funeral ceremony at the Vatican, which was attended by leaders from all over the world, Bulgarian PM Rosen Zhelyazkov noted that Pope Francis had preached peace, justice, equality and fraternity among people. “He..
Young Catholics from all over the country met at the Saint Francis of Assisi church in the village of Belozem, Rakovski municipality, to join, online, the journey of His Holiness Pope Francis to his celestial home. Some of the children who received..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The..
The Israel Defense Forces (IDF) have admitted to mistakenly firing on a UN facility in central Gaza in March, killing an UN staffer, reported BTA...
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