Bulgarian economy has contracted in the second quarter of the year by a record 10% compared to the first three months of the year and also recorded the most dramatic decline on an annual basis by 8.5% since 1997. Data from the National..
As the Covid-19 pandemic was raging economic experts and analysts warned that the world was facing the deepest economic crisis, comparable to the great depression of the 1930s. According to European Commission forecasts..
From January to March 2020, Bulgarian exports fell by 1.1% compared to the same period in 2019. Exported goods totaled over 7 billion euros, according to national statistics. The biggest contraction was in March at 8.8%, when exports reached 2.244..
A poll by the National Statistical Institute on the effect of the state of emergency on economy shows that in March 53.5% of Bulgarian enterprises marked a decline in sales revenues. 36.3% report no change and 9.5% report rise of revenue. In the..
