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.
Hundreds of miners protested outside the Council of Ministers while an extraordinary meeting of the National Council for Tripartite Cooperation was held inside. The protest is against the planned 15% tax on underground resources from 2025, a tax..
The National Council for Tripartite Cooperation discussed the draft budget for 2025. The trade unions and some of the employer organizations expressed their support for the proposal. According to Kancho Stoychev, Deputy Chair of the..
Bulgaria's position on Syria remains unchanged and we continue to support the sovereignty, independence and territorial integrity of the country. This was what caretaker Minister of Foreign Affairs Ivan Kondov told the parliament...
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The..
It is too early to predict how the events in Syria would affect the war in Ukraine. This is what EU Defense Commissioner Andrius..
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37..
Mostly Cloudy
Cloudy