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”.
On March 27, traffic on the Danube Bridge near Ruse on the border with Romania will be suspended because of the ongoing major repairs. The passage of passenger cars will be limited from 9:00 a.m. to 9:00 p.m., and that of heavy..
74% of Bulgarian young people are more or less considering the idea of emigrating abroad, according to a study in Southeast Europe conducted by the Friedrich Ebert Foundation. 9,000 people between the ages of 14 and 29 were..
A new issue of the newspaper "BG BEN" in UK has been published, the media outlet's Facebook page reports. Among the highlights of issue 3 for 2025 are: The new powers of the police to combat neighborhood crime in England; Improving..
Bulgaria has improved its rating in the World Happiness Report , but remains 85 th out of 147 countries, which is the lowest position for an EU..
The importance of eurozone membership for Bulgaria was the focus of Prime Minister Rosen Zhelyazkov's meeting with European Central Bank President..
On Saturday, the minimum temperatures in Bulgaria will be from minus 2 to 3°C. In Sofia it will be around 0°C. During the day it will be sunny with..
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