Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

GDP loss could reach EUR 500 million: Economy minister

Minister Lachezar Borisov
Photo: BGNES

As Minister of Economy I did not want to see this sector closed. However, the new restrictions will last for 3 weeks only. On December 21, the business will start functioning again. We need to take into account the epidemic situation and think about peoples’ health. “A healthy economy needs healthy people”, this country’s Minister of Economy Lachezar Borisov said for BNT.

The restaurant and catering business will be closed. Trade remains open, except for the shopping malls. We will have to invest EUR 200 million to support our economy. For the time being, no extension of the moratorium on loans is planned. According to the most-pessimistic scenario, GDP loss will amount to EUR 500 million, but this can be compensated, Minister Borisov contends.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian National Bank explains what will change with the adoption of the euro

The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..

published on 2/25/25 3:18 PM

Bulgarian companies are showing increasing interest in specialized fairs in Germany

89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..

published on 2/25/25 1:27 PM
Martin Dimirov

Eurostat: Inflation in Bulgaria accelerates to 3.8% in January

The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier , reaching the highest level in 12 months (since January 2024, when it..

published on 2/24/25 4:20 PM