The Economist Intelligence Unit (EIU) has updated its assessment for Bulgaria in 2020. Adjusted expectations of the EIU are for a 4% decline of GDP, while on April 28 the forecast was for 5.8% decline. The explanation comes from the fact that in..
The forecasts are for a decline in GDP this year of about 7%, but next year it will increase by 6%, which shows good condition, Bulgaria's Economy Minister Emil Karanikolov told the Bulgarian National Television . It was more important to protect..
Minister of Economy Emil Karanikolov gave the start to the first sitting of the Expert Advisory Council set up at the Ministry of Economy. The main aim of the council is to look into the state and prospects facing the Bulgarian economy and..
The Bulgarian Industrial Capital Association /BICA/ has called for a broad and non-politicized public debate, as well as for the development of legislation and an algorithm for action in crises of the scale of Covid-19. According to the..
The forecasts are that in 2021 Bulgaria will be able to restore the economic conditions before the pandemic. Even for the first quarter the results are better than the first 3 months of 2019, Bulgaria's Minister of Economy Emil Karanikolov told the BNR...
The University of National and World Economy marks today its 100 th anniversary through its online platform and Facebook. UNWE was established in 1920 as Free University of Political and Economic Sciences. Today, it is the largest economic..
A permanent economic headquarters and a detailed timeline of measures that Bulgaria would take in the coming months to overcome the Covid-19 crisis is what Vice President Iliana Yotova has called for. The economic and social crisis is knocking..
At the end of March, the budget had a surplus of 700,000 euros. The crisis will still affect the treasury, the government said after checking the execution of the state budget in early 2020. At the end of March, the fiscal reserve is over 5 billion..
The EU has taken economic measures to tackle the effects of the pandemic. Using reserves of the European budget, for example, funds have been allocated and Bulgaria has received about 2.7 billion levs (1.4 billion euros) for emergency spending -..
Bulgaria ’s real GDP is projected to contract by 7.2% in 2020 largely due to the adverse impact of measures taken to contain the spread of Covid-19 pandemic. In 2021, growth is forecast to rebound to around 6%, partially offsetting the decline..
