The Economist Intelligence Unit (EIU) has updated its assessment for Bulgaria in 2020. Adjusted expectations of the EIU are for a 4% decline of GDP, while on April 28 the forecast was for 5.8% decline.
The explanation comes from the fact that in national statistics for the first quarter results are better than expected - GDP growth of 0.3% compared to the last three months of 2019 and growth of 2.4% on an annual basis. This leads to a better forecast for the fiscal deficit - 4.5% of GDP, instead of 6.3% for 2020 and 2.7% instead of 3.4% for 2021. The EIU predicts that because of entry into the Eurozone by 2023 the government would try to balance the budget deficit caused by Covid-19.
A specialized police operation by the Directorate of the Bulgarian Anti-Drug and Drug Enforcement Administration (GDBOP) uncovered an organized crime group operating in the Blagoevgrad region , related to the distribution of narcotics. 5 kg of..
Over 70% of Bulgarians are categorically against sending a military contingent to Ukraine. This was stated by Dimitar Ganev from the sociological agency “Trend” in an interview for the Bulgarian National Radio. President Radev opposes sending..
Nowhere and in no way has anyone discussed the issue of sending troops to Ukraine to participate in hostilities between Russia and Ukraine, Bulgaria’s Minister of Foreign Affairs Georg Georgiev told MPs in parliament. Foreign Minister Georgiev..
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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