The EU has taken economic measures to tackle the effects of the pandemic. Using reserves of the European budget, for example, funds have been allocated and Bulgaria has received about 2.7 billion levs (1.4 billion euros) for emergency spending -..
Bulgaria ’s real GDP is projected to contract by 7.2% in 2020 largely due to the adverse impact of measures taken to contain the spread of Covid-19 pandemic. In 2021, growth is forecast to rebound to around 6%, partially offsetting the decline..
The construction sector continues to function in full gear despite the state of emergency in Bulgaria. It became clear at a meeting between Premier Boyko Borissov, this country’s Deputy Minister of Regional Development and Public Works Nikolay Nankov..
“The Bulgarian economy cannot remain in quarantine mode indefinitely. The data are monitored and analyzed every day,” said Deputy Prime Minister Tomislav Donchev in an interview for Bulgarian National TV. “Our economy is to be set in motion in..
The government fund, set up to manage 600 million euros /BGN 1.2 billion/ under four EU-co-financed operational programs, has announced that it is providing banks with 85 million euros /BGN 170 million/ as guarantee to support small and..
Total number of Covid-19 cases in Bulgaria rise to 675 6 new cases of Covid-19 were registered in Bulgaria by 5 pm on Sunday, of which 4 cases were registered in Sofia and 2 in Stara Zagora district, the National Crisis..
The economic forecasts of the Bulgarian government are too rosy, the President of the Confederation of Independent Trade Unions in Bulgaria (CITUB) Plamen Dimitrov commented in an interview for the Bulgarian National Radio. The measures adopted until..
In an interview for the Bulgarian National Radio the renowned Bulgarian economist Daniela Bobeva warned that the business would bear the impact of the measures against the coronavirus disease . The Bulgarian employers and workers, not the state, will..
The Bulgarian cabinet will provide financial support to the businesses affected by the ongoing coronavirus crisis via the Bulgarian Development Bank. The bank will receive up to EUR 250 million from the state if necessary. The state will temporarily..
EUR 1,287 is the average monthly cost of living of a four-member household (2 adults and 2 children) in Bulgaria, data of the Bulgarian labor unions about the last trimester of 2019 show. The cost of living per person amounts to EUR 322 on average...
