A drop in export by 8% and in import by 10%, a rise in the unemployment rate by 170,000 lost jobs and a growth of the external debt by 2.3 billion Leva – this is the picture of the past year of coronavirus pandemic, said Radosvet Radev, chair of the Bulgarian Industrial Association in an interview for the BNR.
In his words the withholding of investments and the drop in consumption are worrying. Radosvet Radev also predicted cascading bankruptcies of companies after April when the moratorium on credits will be lifted.
According to Krassen Stanchev from the Institute for Market Economics, large fiscal reserves were accumulated which cushioned the blow. He added that almost 1.4 million people have not been included in any support scheme as the measures were accessible to no more than “10% of the economic entities”.
Bulgarian students have won 4 medals at the International Chemistry Olympiad in Saudi Arabia , held from 21 to 30 July. They won one gold, one bronze and two silver medals. The gold was won by 12th grader Victor Lilov , the Science Olympic..
Tsar Assen village in the region of Silistra marks Gardeners’ Day today, dedicated to the efforts of all gardeners and farmers who help put food on the table. By a tradition, dozens of fruit and vegetable growers from the region will present..
The parliamentary group of ITN announced that today it is starting negotiations with the other political forces and independent MPs within the framework of the 50th National Assembly, after receiving the third and final exploratory mandate to form..
The situation with the fire at the Bulgarian-Greek border is quite severe, said caretaker Minister of Interior Kalin Stoyanov. Two Greek helicopters,..
The Bulgarian national informatics team won 3 medals and an honorary diploma at the 4th European Girls’ Olympiad in Informatics. The competition was..
It will be sunny on Monday. Clouds will form over the northern, central and northeastern parts of the country in the afternoon and the evening with a..
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sunshine, cloud, rain and thunder
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