The sums Bulgarians living abroad send back to their families in this country have dropped dramatically, according to Bulgarian National Bank data. The money transfers have gone down by 370 million euro over the first 6 months of the year due to the coronavirus pandemic.
636 million euro entered the country over the same period of last year, whereas this year this figure is 266 million.
According to Latchezar Bogdanov from the Institute for Market Economics this fact will affect Bulgaria’s economy. “For households who regularly receive money transfers this will be a serious blow to their incomes,” he commented for Nova TV. The economist predicts that, if the crisis in tourism continues, seasonal jobs will be lost. “The corona-crisis will catalyze serious reforms,” he says.
The Bulgarian and Turkish Chief Prosecutors, Borislav Sarafov and Muhsin Şentürk, held an official meeting in the Court House in Sofia . This is Muhsin Şentürk's first official visit to Bulgaria since taking office and follows the visit of a delegation..
Bulgarians, especially young people, need to understand that it is essential to have an employment contract to protect their labour rights, Labour and Social Policy Minister Borislav Gutsanov said in Varna. He noted that the informal economy in..
Five out of seven paediatricians at the capital's Fifth Multiprofile Hospital for Active Treatment "Knyaginya Klementina" have submitted their resignations over low salaries, said Dr Tatyana Dolomanzhi, a resident doctor at the health facility. The doctors,..
Protests demanding safer roads following the death of 12-year-old Siyana Popova took place across the country. Thousands of people gathered in the..
On Sunday, the lowest temperatures will range between 1°C and 6°C, around 2°C in Sofia. During the day, it will be mostly sunny, with temporary..
On Monday, it will be mostly cloudy over most of the country and in some places it will rain. The lowest temperatures will be between..
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