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.
The Constitutional Court has admitted all five requests for the partial or complete annulment of the elections for the 51st National Assembly, submitted by We Continue the Change-Democratic Bulgaria (PP-DB), Vazrazhdane, There is Such a People (ITN),..
New parking lots with over 1,000 parking spaces, including special areas for people with limited mobility and electric vehicle charging stations, were opened at Sofia Airport today. The parking lots are divided into short-term and..
A Bulgarian businessman has been charged by the European Public Prosecutor's Office with attempted fraud with Chinese agricultural machinery. He tried to present the machinery as Bulgarian-made. A lawsuit has been filed in the Sofia..
According to unofficial information, the Hungarian Presidency of the Council of the EU has drafted a decision for the full admission of Bulgaria and..
The Bulgarian Hotel and Restaurant Association (BHRA) presented its annual awards for professional achievements in the field of tourism. The Bulgarian..
At the opening of a business forum in Ho Chi Minh City during his official visit to Vietnam, Bulgarian President Rumen Radev pointed out that Bulgaria..
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