Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian President expects economic crisis to be most severe in autumn

Photo: BTA

Analyzes show that autumn will be a hard period as in many places real unemployment will be felt then, President Rumen Radev said.

The Covid-19 crisis has proved once again how necessary financial decentralization of municipalities in Bulgaria is, President Radev said during his visit to Kresna. The crisis has also shown the big problem - there are billions set aside, but no administrative capacity in order for the funds to reach those in need, the head of state added.

President Radev pointed out that it was not too late to overcome the crisis, but the capacity of the state must be used and all of the most affected people must be reached, as well as small and medium-sized enterprises.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

120 kg of gold seized at Capitan Andreevo BCP

Customs officials have seized a record 120 kg of gold at the Kapitan Andreevo checkpoint on the border with Turkey. Gold bars, coins and jewellery were seized. The driver, a Bulgarian national, was arrested and charged. Another man with Bulgarian and..

published on 9/13/24 3:53 PM
Graf Ignatievo Air Base

UPDATED: Two pilots killed as military plane crashes while training for air show

Defence Minister Atanas Zapryanov has cancelled the air show at the Graf Ignatievo Air Base after an L-39 ZA military transport plane crashed, the Defence Ministry said. The accident occurred during preparations for tomorrow's demonstrations to..

published on 9/13/24 1:56 PM

President Radev urges Skopje to be realistic in bilateral relations

Bulgaria has always been open to dialogue with North Macedonia and expects that this dialogue will contribute not only to our cultural rapprochement, but also to the strengthening of economic cooperation. We expect that this dialogue will finally..

published on 9/13/24 1:47 PM