Today, the Economic and Public Policies Council will present a Strategy for long-term accelerated growth and competitiveness of Bulgaria. The strategy offers a long-term vision for the economic development of the country. Emphasis in the strategy..
Bulgaria's negative GDP of -3.9% in 2020 and the expected growth of 4% for the first quarter of 2021 show that the economic recovery is close. But there are challenges that could bring back the recession. Such are the lack of private consumption and..
Bulgaria is not at risk of a debt crisis as a result of its consistent, conservative policy, said Kristalina Georgieva, managing director of the International Monetary Fund , in response to a question from Bloomberg TV Bulgaria during a press conference..
The current condition of the global economy is not as bad as projections showed several months ago, but the Covid-19 crisis has not been overcome yet, Managing Director of the International Monetary Fund Kristalina Georgieva said in an..
The money earmarked by the EU for measures to address the Covid-19 crisis should drive economic growth, create new jobs and be distributed fairly and reasonably. These funds alone are not a panacea, Bulgaria’s Vice-President Iliana Yotova said at the..
If there is no second wave of Covid-19, the crisis for the Bulgarian economy will be averagely deep, lasting from 2 to 3 quarters . The annual decline will be from 5 to 7%. The recovery will continue throughout 2021, at the end of which pre-crisis..
Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission . In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and..
Bulgaria will probably receive the first EU money to deal with the Covid-19 crisis in October, said Deputy Prime Minister Tomislav Donchev. The most acute phase of the economic crisis for us will be in the autumn. All analysts give contradictory..
The Bulgarian economy grew before the pandemic, but in 2020 it is facing its most serious contraction since the late 1990s. In the most favourable scenario with the epidemic subsiding by the summer, its production will shrink by 7.1% in 2020, and in..
Economic growth in Bulgaria has slowed in the first quarter of 2020, mainly due to weaker final consumption even before the coronavirus pandemic, which severely affected both Bulgaria and the economies of Bulgaria's main trading partner s. This is..
