The coronavirus pandemic has deepened economic disparities between Sofia and other Bulgarian regions. It has also resulted in higher unemployment in 2020.
According to the annual report of the Institute for Market Economics on the development of the Bulgarian regions, Sofia, Plovdiv, Varna and Burgas continue to attract 70% of the total investments. Sofia district, Gabrovo and Stara Zagora also manage to attract investments, yet at a smaller scale. Demographic processes remain the main impediment to growth. The population continues to decline. Except for Sofia and Kardzhali districts, in other Bulgarian regions the number of adults over 65 form one-third of the active population. Population growth has been marked in all municipalities in Kardzhali district.
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian..
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