Mount Ring - Bansko

Mount Ring - Bansko

Alpen - NoNaMe - Bansko

Alpen - NoNaMe - Bansko


PM Borissov, UN Secretary-General Guterres Talk Climate Change 18.6.2019
PM Borissov, UN Secretary-General Guterres Talk Climate Change
Sofia, June 18 (BTA) - Prime Minister Boyko Borissov gave his unreserved support for the ambition of UN Secretary-General Antonio Guterres to see the EU become a leader in reducing greenhouse gas emissions in order to...

Bulgaria, Montenegro Sign Road Transport Agreement 17.6.2019
Bulgaria, Montenegro Sign Road Transport Agreement
June 17 (BTA) - Bulgaria's Transport, Information Technology and Communications Minister Rossen Jeliazkov and Montenegro's Transport and Maritime Affairs Minister Osman Nurkovic Monday signed a bilateral Agreement...

Supercomputer to Be Built in Bulgaria by 2020 17.6.2019
Supercomputer to Be Built in Bulgaria by 2020
June 17 (BTA) - A supercomputer will be built in Bulgaria, said here on Monday European Commissioner for Digital Economy and Digital Society Maria Gabriel during a news conference after meeting with Prime Minister...


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21° Varna 20° Rousse
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2018 GDP Growth at 3.1 Per Cent

2018 GDP Growth at 3.1 Per Cent

07.5.2019
May 7 (BTA) - Bulgaria's Gross Domestic Product (GDP) growth in 2018 was 3.1 per cent, Assoc. Prof. Victor Yotsov of the Institute for Economic Studies with the Bulgarian Academy of Sciences (BAS) said at a BTA-hosted briefing on Monday. Yotsov presented BAS' annual report on Bulgaria's economic development and policies in 2019 which focuses on structural imbalances and the risks they spell for the economy. Yotsov said that although the 3.1 per cent growth remains above the average for the EU, it is one of the lowest growths reported by the newer EU member states. The economist noted that keeping the current pace of growth means that catching up with the per capita average income in the EU "is far in the future". "The growth pace we have is extremely insufficient," Yotsov said. The forecast is that the 2019 GDP growth will slow down a bit. Exports in 2018 were close to their 2017 levels. Imports in 2018 increased 3.7 per cent compared to 2017. Nedyalko Nestorov of the team who prepared the report said that Bulgaria buys goods mainly from Germany, Russia, China, Italy and Turkey. Imports from these five countries account for 42 per cent of the total imports. The Bulgarians mostly need consumer goods. The Bulgarian industry falls short of meeting this demand, so that this country imports consumer goods. Bulgaria mainly exports commodities with low added value, such as raw materials, Nestorov said. One of the recommendations of the report says that Bulgaria should attain a long-term and lasting economic growth of at least five per cent per year. RY/ZH // Source: Sofia, http://www.bta.bg/en/c/DF/id/2005644
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