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Decline in imports and exports from Bulgaria to the EU

In the period January - August 2020, exports of goods from Bulgaria to the EU decreased by 6.7% compared to the same period in 2019 and amounted to just under 12 billion euros. This is shown by NSI data. Bulgaria's main trade partners are Germany,..

12.11.20 14:36 |

Bulgaria stands chance of recovering from Covid-19 crisis with the help of EU and budgetary funding

Bulgaria retains the chance to avoid downward spiral in the current Covid-19 crisis thanks to the help of the anti-crisis measures and the emergency capital injections in its health and financial system.   This country can revive its..

10.11.20 15:59 |

Bulgaria’s economy will not withstand second lockdown: Radosvet Radev

Tourism, transport, culture and catering are the most affected sectors by the coronavirus crisis, Radosvet Radev, Chairman of the Bulgarian Industrial Association said for BTV.  Radosvet Radev referred to the national statistics according to which,..

31.10.20 16:49 |

Bulgarians are optimistic but critical of economy, government and parliament: Survey

The majority of Bulgarians say that the economic situation is serious and that the growing prices worry them and they do not trust the government or parliament, a European Commission survey from the end of July says. Asked what worries them..

23.10.20 15:16 |
Boyan Durankev

Professor Durankev expects difficult winter for Bulgaria

Bulgaria’s gross domestic product is to decrease by 4% in 2020 and then regain ground with 4.1% growth in 2021, the International Monetary Fund forecasts in its latest World Economic Outlook report. There is a 60% probability that the decline in..

14.10.20 16:26 |

Bulgaria’s trade with EU down

Between January and July 2020 Bulgaria’s export of goods to the EU contracted by 6.5% as compared to the same period last year to nearly EUR 10.5 billion. The largest amounts were reported for the goods exported to Germany, Romania, Italy, Greece,..

12.10.20 13:22 |
Bulgaria's Minister of Economy Lachezar Borisov

Bulgaria’s cabinet hopes that GDP will not decline with more than 7% at the end of 2020

A decline of Bulgaria’s gross domestic product of up to 7% would be a success for Bulgaria, this country’s Minister of Economy Lachezar Borisov said in an interview for Darik Radio . In his words, in the second quarter of 2020 Bulgaria’s GDP fell 8.5%..

03.10.20 14:43 |

PM Borissov announces new measures in support of businesses

"As of next week , employers will be able to apply for the construction of children's playgrounds in companies ," wrote Prime Minister Boyko Borissov on his Facebook profile. In this way, working parents who have to pick up their children earlier from..

26.09.20 12:38 |
Boyko Borissov

PM Borissov: Bulgaria had the fastest and most adequate reaction to Covid

“Bulgaria had the fastest and most adequate reaction to both the medical and the economic threat posed by the Covid-19 pandemic,” writes Prime Minister Boyko Borissov on Facebook, and adds that the measures taken were put into effect very early on..

24.09.20 11:38 |
Vasil Velev

Bulgarian businesses in the conditions of recession, pandemic and political crisis

The Bulgarian economy registered a 10% decline over the second quarter of 2020 compared to the first three monthsof the year, indicate National Statistical Institute data. How are businesses operating in the conditions of recession, pandemic, and..

08.09.20 14:18 |
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