Bulgarian economy has contracted in the second quarter of the year by a record 10% compared to the first three months of the year and also recorded the most dramatic decline on an annual basis by 8.5% since 1997. Data from the National..
The economic crisis in Bulgaria is deepening, and the country is among the countries of Southeastern Europe which is spending the most due to the coronavirus. That is why its economic recovery is expected to be slower and more difficult after..
For years Bulgaria has been at the bottom of the charts when it comes to quality of life in the European Union. In the past there was a period when this country was ahead of Romania but now it is last in Europe. According to Eurostat, 54% of..
The Minister of Economy Lachezar Borisov presented 4 certificates for investments class "A", the Minister's press center announced. "Harmony 2012" in Kardzhali invests 23 million euros in a plant for processing zinc-containing materials. Alcomet in..
The industrial production index, turnover in retail trade and exports have marked a considerable drop in April, compared to the same month of 2019. April is the first full month of lockdown in the country, which explains the 19.9% drop in trade..
The Bulgarian National Bank forecasts an increase in non-performing loans and has kept buffer for the vaults at 0.5 percent of their capital in the third quarter. The central bank recalls that at the beginning of the crisis with Covid-19, it..
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..
