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”.
The condition of the 14 victims of the tragic incident in the Republic of North Macedonia, who have been admitted for treatment in Bulgaria, remains serious, the Ministry of Health announced. The eight patients hospitalized in the..
We are waiting for North Macedonia to decide whether there is a need to transport 10 more of the Kočani fire victims to Bulgaria. This was what President Rumen Radev said after signing the book of condolences at the Embassy of North..
Six residents of the town of Kocani from North Macedonia are traveling to the Pirogov Hospital in Sofia to donate blood. They have the rare blood type A, a negative Rh factor, which is urgently needed for one of the patients in serious condition..
March 18, 2025 has been declared a National Day of Mourning in memory of the young people who died in the tragic fire in a nightclub in the town of..
The import of manpower from non-EU countries is record high, but does not cover the needs of the business sector. Since the beginning of the year, 4,202..
Six residents of the town of Kocani from North Macedonia are traveling to the Pirogov Hospital in Sofia to donate blood. They have the rare blood type..
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