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.
The fires in the south-western regions of Bulgaria continue , as more than 15,000 decares of forests have already burned. The battle with the fire has been going on for two weeks and at the moment it is active only on the territory..
The 145 th anniversary of the establishment of the Bulgarian Navy will be celebrated tonight in the city of Ruse. At 8:00 p.m. in front of the Dohodno Zdanie (Revenue Building), a festive concert of the Representative..
The fourth edition of "Ardino Days 2024" and "Festival of clean foods from the Rhodopes" this year will be held under the motto "Hand in Hand for Ardino". The week-long event, which starts today, will offer cultural, educational and..
Bulgaria introduces mandatory disinfection of vehicles at all border crossings because of outbreaks of small ruminant plague in Northern..
Sunny weather will prevail on Monday. There will be more significant increases in cloudiness over the northern and eastern regions of..
The fires in the south-western regions of Bulgaria continue , as more than 15,000 decares of forests have already burned. The battle..
Partly Cloudy
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Mostly Cloudy