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.
On Saturday, cold air will bring temperatures down. It will be cloudy. There will be rainfalls and snowfalls in the northwestern regions. There will be rainfalls in the eastern regions of the country. The wind will be moderate to..
The Sofia Municipality and the Bulgarian Academy of Sciences will create a register of homeless people in Sofia. The initiative comes from the Institute of Population and Human Research of the Bulgarian Academy of Sciences, which is participating in a..
The co-chairman of the parliamentary group of “BSP-United Left”, Atanas Zafirov, expressed hope that this country would have a regular cabinet next week. “Today and tomorrow are important days, I hope that this knot will..
Bulgaria has made significant progress in meeting the criteria for inclusion in the U.S. Visa Waiver Program, caretaker Minister of Foreign..
The government's position is constant. The Bulgarian Orthodox Church (BOC) is one and indivisible, its unity is of particular importance..
The General Consulate of Bulgaria in Los Angeles warned on its Facebook page that the fires in the metropolis have caused water contamination..
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