A drop in export by 8% and in import by 10%, a rise in the unemployment rate by 170,000 lost jobs and a growth of the external debt by 2.3 billion Leva – this is the picture of the past year of coronavirus pandemic, said Radosvet Radev, chair of the Bulgarian Industrial Association in an interview for the BNR.
In his words the withholding of investments and the drop in consumption are worrying. Radosvet Radev also predicted cascading bankruptcies of companies after April when the moratorium on credits will be lifted.
According to Krassen Stanchev from the Institute for Market Economics, large fiscal reserves were accumulated which cushioned the blow. He added that almost 1.4 million people have not been included in any support scheme as the measures were accessible to no more than “10% of the economic entities”.
On Saturday minimum temperatures will range between 15 and 23° C., for Sofia 15° C. During the day the weather will be predominantly sunny, cumulus clouds will form around and after midday. There will be rain and thunder mostly in the mountain..
Firefighting continues in Pirin Mountain, BNR correspondent Keti Trencheva reports. At a briefing, Commissioner Valentin Vassilev, regional director of the fire department in Blagoevgrad, pointed out that currently there is one serious front - above..
Minister of Tourism Miroslav Borshosh has met with mayors from the Black Sea municipalities and the regional governor of Burgas to outline a common strategy for advertising the southern part of the Black Sea coast and creating a common tourist..
Firefighting equipment should be purchased for the Air Force, where an organisation and crew are already in place , rather than for the Ministry of the..
The base interest rate in the country is being reduced to 1.82% as of 1 August 2025, the Bulgarian National Bank (BNB) has announced. The reduction is..
On Friday, the lowest temperatures will range from 14°C to 22°C, 16°C in Sofia. During the day, it will be mostly sunny over the northwestern and..
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