In case of exceptional circumstances, the budget deficit may exceed the threshold set at 3% of the GDP ,a draft of Bulgaria’s Ministry of Finance reads, investor.bg informs. The global Covid-19 pandemic and economic stagnation put the fiscal..
EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020 . For the same period, the country's GDP grew by 7.7% compared to the baseline scenario without EU funds, according to an analysis by the Ministry of Finance on the..
Bulgarian economy has contracted in the second quarter of the year by a record 10% compared to the first three months of the year and also recorded the most dramatic decline on an annual basis by 8.5% since 1997. Data from the National..
The economic crisis in Bulgaria is deepening, and the country is among the countries of Southeastern Europe which is spending the most due to the coronavirus. That is why its economic recovery is expected to be slower and more difficult after..
Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission . In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and..
Bulgaria will probably receive the first EU money to deal with the Covid-19 crisis in October, said Deputy Prime Minister Tomislav Donchev. The most acute phase of the economic crisis for us will be in the autumn. All analysts give contradictory..
The coronavirus crisis will shrink the global gross domestic product by 5.2% in 2020. For the Bulgarian economy, the forecast is a decline of 6.2% for 2020 and a recovery next year to a growth of 4.3%. This is data indicated in the World Bank's Global..
The forecasts are for a decline in GDP this year of about 7%, but next year it will increase by 6%, which shows good condition, Bulgaria's Economy Minister Emil Karanikolov told the Bulgarian National Television . It was more important to protect..
Bulgarians create 9.46 euros of the country's GDP for one hour of work, the National Statistical Institute has announced. In the first quarter of 2020, the GDP per employee has increased by 2.5% on an annual basis to 3,848 euros. The number of employees..
At the end of March 2020, Bulgaria’s gross external debt stood at EUR 33,495 billion, or 51.5% of the country’s gross domestic product. The gross foreign debt decreased by 1.7% (EUR 576 million) as compared to the end of 2019. Bulgaria’s..
