Daily webcast

Bulgarian National Radio © 2021 All Rights Reserved

Bulgarian economy to return to pre-crisis levels next year

Photo: BGNES

The Bulgarian economy will start growing after the crisis, but this will happen next year at the earliest. The worst consequence of the pandemic is deferred consumption. Because of it in 2020 the state budget did not receive more than 500 million euros, according to the Bulgarian Industrial Association. The mass vaccination against Covid-19 is expected to accelerate economic recovery.

Pre-crisis levels of Bulgarian GDP are expected to be reached in 2022, but the first signs of economic recovery in production are already visible, and the vaccine against Covid-19 gives optimism, chairman of the Bulgarian Industrial Association Radosvet Radev said.

More from category

Bulgarian exports have gone up by 20% over past 5 years

In 2020 Bulgaria exported commodities worth USD 31.8 billion, a drop of 4.4% compared to the pre-pandemic 2019 when exports amounted to USD 33.4 billion.   Bulgaria climbs to 58 th from 60 th position in 2019 among all exporters globally...

published on 7/27/21 1:58 PM

Bulgaria's Agriculture Ministry reports increased harvest yields in 2021

The average wheat yields in Bulgaria are 55% higher than last year, the Ministry of Agriculture has announced . Grain growers also report that the harvest is successful and the harvest is good.  Unlike 2020, which the drought turned into the worst..

published on 7/27/21 9:55 AM

Bulgaria and its place on the solar energy map

The new higher prices of electricity that came into force at the beginning of this month have caused dissatisfaction among businesses. The simplest explanation behind the need for yet another rise is higher carbon prices, which are currently..

published on 7/21/21 9:55 AM