According to estimates by the Institute for Market Economics, tax freedom day falls on May 20 this year. Bulgarians worked 140 days during the pandemic to pay their taxes to the treasury. Despite the coronavirus crisis, the budget revenues are..
The Bulgarian economy grew in the first quarter of 2021 by 2.5% compared to the last quarter of 2020 , when a growth of 2.2% was also registered, the National Statistical Institute has announced. Bulgaria's GDP still remains 1.8 percent lower,..
Bulgaria's economy shrank by 4.2% in 2020 because of the Covid-19 pandemic. Investments declined sharply in the first half of the year because of high economic uncertainty. Imports also shrank by 6.6%. This is what a study by the European Commission..
With their vote at the parliamentary elections Bulgarians demonstrated they want a fundamental change in governance. For close to one year the protests in the streets and squares showed they want an end to the current political tendencies on which..
The government debt of the country has gone up by 22.5% or 2 . 72 billion euro in the space of one year. The debt of the Central Government subsector by the end of February 2021 amounted to 14.8 billion euro, and now accounts for 23.2% of..
During the second 7-year-long programming period of the EU, Bulgaria has absorbed 54% of financing provided under EU funds. Out of a total of 9.9 billion euros allocated under 10 programs, 6.360 billion euros had been..
Bulgaria's negative GDP of -3.9% in 2020 and the expected growth of 4% for the first quarter of 2021 show that the economic recovery is close. But there are challenges that could bring back the recession. Such are the lack of private consumption and..
Covid-19 has been the most frequently used word in the past year. Meanwhile, Bulgaria’s cabinet has allocated substantial amount of money to support the sectors impacted by the coronavirus pandemic. Now, it is time to take stock of this..
The Bulgarian economy grew during the fourth quarter of last year by 2.2% compared to the previous quarter, but shrank by 3.8% on a yearly basis, preliminary National Statistical Institute data show. Over the entire 2020 the GDP of the..
In 2019, the regional GDP per capita, expressed in purchasing power standards, varied from 32% of the EU average in the Northwestern region of Bulgaria and in Mayotte, France, to 260% of the EU average in Luxembourg, data of Bulgaria's National..
