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 meeting of the interior ministers of Bulgaria, Romania and Austria in Budapest could lead to a change in Austria's stance on the two countries joining the Schengen area. This is reported in the Austrian media. The meeting will take place on 22..
"I support the allocation of more funds in the field of innovation for defence" - this is how the Bulgarian candidate for the post of European Commissioner for Start-ups, Research and Innovation, Ekaterina Zaharieva, answered a question by Bulgarian MEP..
Vice President Iliana Iotova met with Mayor of Los Angeles Karen Bass. Iotova paid a visit to the American city on the occasion of the opening of the exhibition "Ancient Thrace and the Classical World. Treasures from Bulgaria, Romania..
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov..
Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim..
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President..
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