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”.
A permanently functioning coordination mechanism will control, prevent and counter smuggling, Prime Minister Rosen Zhelyazkov announced after a meeting with representatives of the services. "The objectives are clear, and the approach will be solid",..
“We Continue the Change – Democratic Bulgaria” called on Minister of Regional Development Ivan Ivanov to immediately dismiss the chair of the Management Board of the Road Infrastructure Agency, Eng. Yordan Valchev. “The reasons for..
The Bulgarian Society for the Protection of Birds published information on its Facebook page about two poisoned Egyptian vultures in the Eastern Rhodopes. A female bird, with a transmitter attached, died in the hands of Dr...
The personnel crisis in the tourism sector has reached critical levels, with various data indicating that up to 70% of tourist sites..
Energy Minister Zhecho Stankov attended the tenth edition of the Delphi Economic Forum in Greece. "Bulgaria is a reliable partner in the region's energy..
Sofia public transport workers will protest on Monday, April 14, demanding increase in wages . The decision to protest was made after meetings between the..
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