The unemployment rate in Bulgaria is expected to jump to 7% in 2020, after having reached historic lows of 4.2% in 2019, the economic forecast of the European Commission shows. Job losses are set to be most pronounced in the services sector (retail trade, transport, hospitality industry) which will function at up to 40% of their full capacity. In 2021 a partial recovery in employment is expected and unemployment rate is expected to decrease to 5.8%.
Commissioner for Economy Paolo Gentiloni expects that Bulgaria’s budget deficit will be below 6% of the GDP. Bulgaria’s consumer price inflation is expected to fall from 2.5% in 2019 to 1.1% in 2020 and stay at that level in 2021. General government debt is expected to increase and reach 25.5% of the GDP in both 2020 and 2021.
On Friday, the minimum temperatures in Bulgaria will be between - 20°C and - 5°C. In Sofia, it will be around minus 13°C. During the day, it will be mostly sunny. There will be a weak, in the eastern regions to moderate wind from the..
Hacker group Ransomhouse announced on its website that it has data leaked from the information systems of the Supreme Administrative Court. As evidence, documents with lists of names and personal data of employees, as well as various documents have..
The situation in the country illustrates the urgent need for the state to create conditions for holding more farmers' markets, where farmers can sell their produce directly to consumers. This was stated by the Bulgarian Farmers' Union in connection..
A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the..
The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current..
Sofia Airport has been officially renamed to Vasil Levski Airport at a solemn ceremony on February 19 . The ceremony was attended by Deputy Prime Minister..
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