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.
Despite the commitment of the state, emergency doctors in Bulgaria still do not have real-time access to information about free beds in hospitals and are forced to go around hospitals until they find a medical facility for their patient, warns Dr...
Bulgarian Vice President Iliana Iotova has opened the new school year at the Bulgarian Sunday School "St. St. Cyril and Methodius" in Barcelona . She congratulated the students for their diligence in attending classes on weekends after a full week at a..
Today, t he Rozhen Monastery "Nativity of the Theotokos" will celebrate its patron saint's day with a procession with the miraculous icon of "Theotokos – Portaitissa" and a blessing of the sacrificial (kurban) meal. The monastery lost its..
From today until September 15, Sofia's Vitosha boulevard and the park in front of the National Palace of Culture are transformed into a huge open-air..
It is 80 years, on 9 September, since the communist coup d'état which put an end to the Kingdom of Bulgaria. Talking about the communist past is..
Over a hundred participants in the voluntary teams of the Bulgarian Red Cross for disaster and crisis action, as well as representatives of the..
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