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..
Bulgarians create 9.46 euros of the country's GDP for one hour of work, the National Statistical Institute has announced. In the first quarter of 2020, the GDP per employee has increased by 2.5% on an annual basis to 3,848 euros. The number of employees..
At the end of March 2020, Bulgaria’s gross external debt stood at EUR 33,495 billion, or 51.5% of the country’s gross domestic product. The gross foreign debt decreased by 1.7% (EUR 576 million) as compared to the end of 2019. Bulgaria’s..
“Doling out money gratuitously to people in need is impossible because the resources are limited. The government would come out of the crisis with a huge deficit,” Ivan Kostov, Prime Minister of Bulgaria in the 1997-2001 period said for the..
The ruling coalition in Bulgaria has introduced a bill in parliament to reduce VAT for restaurateurs from 20% to 9%. It is proposed to raise the insurance threshold in tourism from 305 to 400 euros. VAT on books is also reduced. The missed annual..
The economies of the 27 EU countries contracted at a record high in the first quarter of 2020 by 3.3%. Only 9 countries show a small growth. Among them is Bulgaria with a 2.4% increase in GDP compared to the same period in 2019, Eurostat reported...
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..
The Bulgarian National Bank reports that the gross external debt of the State Governance sector at the end of February 2020 amounted to EUR 5 423.3 million or 8.3 per cent of the country's Gross Domestic Product (GDP) and decreased by EUR 4.3 million..
The finalization of the fulfillment of the criteria for entering the exchange rate mechanism ERM II may be in the next few weeks, said Bulgaria's Finance Minister Vladislav Goranov. He is adamant that now is a good time for Bulgaria to take this..
After a registered growth of 3.4% in 2019, Bulgaria's gross domestic product will shrink by 4.0% in 2020 before it rises by 6% in 2021. These are projected figures by the International Monetary Fund presenting the organization's spring forecasts for..
