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Bulgaria’s economy will contract by 5% in 2020: EBRD

Bulgaria’s economy will contract by 5% in 2020, the European Bank for Reconstruction and Development forecasts. In 2021, this country's economy may rebound quickly, but it all depends on easing the measures against the spread of Covid-19 and the dynamic of the situation regarding the coronavirus infection, the bank notes. According to this financial institution, services, retail trade and tourism are the most affected sectors by the crisis.




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published on 11/21/24 9:59 AM

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Foreign ministers of Bulgaria and Albania reaffirm support for accelerated construction of Corridor 8

Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the accelerated construction of transport Corridor 8. Romania has asked to join the construction..

published on 11/21/24 9:04 AM