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.
Thursday will be sunny and hot. There will be more clouds in the afternoon, but short rainfalls are expected in few places. The lowest temperatures will be between 17 and 25°C; in Sofia about 18°C. The highest will be between 34 and..
The number of healthcare specialists in Bulgarian hospitals is drastically decreasing. According to data presented during the National Meeting of Nurses on July 10 in Sofia, the number of healthcare professionals in Bulgarian hospitals has decreased..
The Bulgarian Socialist Party (BSP) will not participate in talks with the Movement for Rights and Freedoms (DPS) for the second cabinet-forming mandate, the party's press centre said. The position of BSP is addressed to the chairman of the..
Wednesday will be hot and sunny. There will be clouds in the afternoon, but rain will only fall in parts of Eastern Bulgaria and in the mountains...
The start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian..
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