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”.
Bulgarian Patriarch Daniil met yesterday with Prince Ghazi bin Muhammad - Chief Advisor to King Abdullah II for Religious and Cultural Affairs, the Bulgarian Patriarchate reported. The prince is part of the official delegation of..
The government will remain intolerant of any form of corruption. This was what Prime Minister Rosen Zhelyazkov said from the parliamentary rostrum regarding the investigation by the European Public Prosecutor's Office into the..
The increase in toll taxes seriously affects international carriers and all those involved in this activity in the country. Despite the meeting between representatives of carriers and the Minister of Regional Development and Public Works, Ivan Ivanov,..
Ways to improve the positions of the sides to the contract between Bulgaria’s Bulgargaz, Bulgartransgaz and Türkiye’s BOTAŞ will be discussed until..
A wave of outrage is sweeping over Bulgaria after a severe accident on the Telish-Radomirtsi road (Pleven region), in which 12-year old Siyana lost her..
Over the next 24 hours the weather in the country will be dynamic. After temporarily dispersing, after midnight the clouds will increase and the..
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