Bulgaria’s economy has been slowly recovering thanks to an 11.3% rise in exports. Bulgarian economy grew in the fourth quarter of 2020 by 2.1% compared to the third quarter, when it rose by 3.9%, according to an express assessment of the National Statistical Institute - NSI. Compared to the fourth quarter of 2019, however, GDP shrank by 3.8%. Final consumption has the largest share in GDP again - 80.4%.
The average income per household member in the fourth quarter of 2020 was 924 euros and increased by 2 percent compared to the same quarter of 2019, the NSI has reported. Expenditure during the same period was 861 euros, which is a rise of 0.7 percent.
The government has approved a procedure that will open the country’s passenger rail transport to private operators, including foreign ones. This is set to begin on December 13, 2026. The planned duration of the contracts is 12 years. The country..
The Bulgarian Council of Ministers has authorized the entry and stay of the Turkish research vessel R/V TUBITAK MARMARA in Bulgarian maritime spaces from 5 to 20 September 2025. The vessel will participate in an international scientific..
Even in the unclear context of the Russian war in Ukraine, Bulgarians continue to perceive European countries as the closest among international factors. These are the results of a new survey by the sociological agency "Myara", conducted with its own..
"Nearly a quarter of Bulgaria's economy is in the grey sector – around 23-24%. On the other hand, there is not enough money for..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the..
Bulgarian students won four medals at the International Olympiad on Astronomy and Astrophysics (IOAA), which was held in India, the..
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