A drop in export by 8% and in import by 10%, a rise in the unemployment rate by 170,000 lost jobs and a growth of the external debt by 2.3 billion Leva – this is the picture of the past year of coronavirus pandemic, said Radosvet Radev, chair of the Bulgarian Industrial Association in an interview for the BNR.
In his words the withholding of investments and the drop in consumption are worrying. Radosvet Radev also predicted cascading bankruptcies of companies after April when the moratorium on credits will be lifted.
According to Krassen Stanchev from the Institute for Market Economics, large fiscal reserves were accumulated which cushioned the blow. He added that almost 1.4 million people have not been included in any support scheme as the measures were accessible to no more than “10% of the economic entities”.
"There is no, and cannot be, any opposition between Dogan and me," DPS Co-Chairman Delyan Peevski stated in a release from the party's press center. He added, however, that there was an opposition and a conflict: "The conflict is Peevski versus the fat..
Bulgaria's air ambulance helicopter has completed its first operation in the mountains , interim Transport Minister Georgi Gvozdeykov said. New delay expected for air ambulances for emergency medical services Responding to a signal from the..
The salaries of people employed in the summer tourist season have risen by 20% , according to caretaker Tourism Minister Evtim Miloshev. He told BNR that the shortage of workers in the industry was not only due to poor pay, which he said was not poor at..
Sunday will be sunny and hot. There will be weak to moderate northeasterly wind. Temperatures will continue to rise and the highest..
The new Bulgarian Patriarch, Daniil, has spoken out in favour of reconciliation within the Orthodox churches. "There is a broken communion between..
The Democrats for a Strong Bulgaria (DSB) party is proposing to its partners in the We Continue the Change-Democratic Bulgaria (PP-DB) coalition that..
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