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..
Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission . In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and..
Bulgaria will probably receive the first EU money to deal with the Covid-19 crisis in October, said Deputy Prime Minister Tomislav Donchev. The most acute phase of the economic crisis for us will be in the autumn. All analysts give contradictory..
The coronavirus crisis will shrink the global gross domestic product by 5.2% in 2020. For the Bulgarian economy, the forecast is a decline of 6.2% for 2020 and a recovery next year to a growth of 4.3%. This is data indicated in the World Bank's Global..
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...
