The GDP of Bulgaria will shrink by 5.1 % in 2020, but will grow by 2% in 2021 and 3.7% in 2022, indicates the European Commission’s autumn economic forecast. In July Brussels predicted a bigger decline for the country (-7.1%), but also a higher growth rate for next year (+5.3%).
The Bulgarian economy has started to recover after the sharp decline during the second quarter, and is expected to continue to grow, according to the EC forecast. Domestic demand and exports will contribute to the growth. Unemployment is becoming stabilized after the initial steep rise, in part because of the state-funded measures for protecting jobs.
Citing data from the European Commission, Prime Minister Boyko Borissov wrote on his Facebook profile that "Bulgaria is the only country in the European Union whose deficit wоулд not exceed 3% of the country's GDP in 2020.
Vice President Iliana Iotova stated that accusations will likely be targeted at the new caretaker cabinet that it will be used for political purposes. “This caretaker cabinet is not the president’s. It is time to take off all the masks and say..
The ten new metro stations of the Sofia metro will be finished in 2027, said Sofia Mayor Vassil Terziev who inspected the extension of the third line. 46% of all passengers who travel every day use the underground, he said. “I am very pleased with..
Deputy Chairwoman of the Court of Auditors Goritsa Grancharova-Kozhareva, who on Friday, August 9, received a mandate from President Rumen Radev to form a caretaker cabinet, will start talks on its composition today. Goritsa Grancharova-Kozhareva..
Bulgarian head of state Rumen Radev has met in the presidency with David Wright - commissioner of the US Nuclear Regulation Commission, who is on a..
President Rumen Radev appointed Bulgarian National Audit Office Vice-President Goritsa Grancharova-Kozhareva as the next caretaker Premier. The..
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general..
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