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”.
The Bulgarian national informatics team won 3 medals and an honorary diploma at the 4th European Girls’ Olympiad in Informatics. The competition was held from July 21 to 27 in Veldhoven, the Netherlands, said the team leader Rumen Mihov. 196..
''The chances of forming a government with the third mandate are slim, but a miracle could happen'', We Continue the Change – Democratic Bulgaria Co-Chairman Atanas Atanasov said. Speaking to BNR, Atanas Atanasov said that the coalition We Continue..
The situation with the fire at the Bulgarian-Greek border is quite severe, said caretaker Minister of Interior Kalin Stoyanov. Two Greek helicopters, two airplanes and two Bulgarian military helicopters are involved in the firefighting efforts. ''The..
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..
The efforts to put out the fire on the Greek Bulgarian border continue. Two aircraft sent by France under the EU civil protection mechanism will join..
On Tuesday there will be sun and temperatures will be high in the Western part of the country. Over Eastern Bulgaria there will be clouds and,..
Partly Cloudy
sunshine, cloud, rain and thunder
Mostly Cloudy