Design for a Vienna cafe in Blevedere Holiday Club

Design for a Vienna cafe in Blevedere Holiday Club

Grand Montana - Bansko

Grand Montana - Bansko


2,460 Confirmed COVID-19 Cases in Bulgaria 27.5.2020
2,460 Confirmed COVID-19 Cases in Bulgaria
May 27 (BTA) - The total number of confirmed COVID-19 cases in Bulgaria is 2,460, the national coronavirus task force said at its news briefing on Wednesday morning. The latest confirmed cases are 17. The fatalities are...

Health Minister Issues Order Repealing Some Restrictive Measures Imposed Due to COVID-19 27.5.2020
Health Minister Issues Order Repealing Some Restrictive Measures Imposed Due to COVID-19
May 27 (BTA) - Health Minister Kiril Ananiev issued an order revoking some of the restrictive measures introduced due to COVID-19, said the press service of the Ministry of Health on Tuesday evening. As of Tuesday,...

Bulgaria Has 617 Villages with Fewer than 10 or No Residents 26.5.2020
Bulgaria Has 617 Villages with Fewer than 10 or No Residents
Sofia, May 26 (BTA) - Bulgaria has 617 villages without population or with residents in the single digits, BTA found from the National Register of Populated Places of the National Statistical Institute. The data...


Weather/BNB fixing 01.06.20

20° Sofia 21° Plovdiv
20° Burgas 17° Stara Zagora
21° Varna 20° Rousse
CHF 1.59816 GBP 2.31651 USD 1.4962
MaxConsult.bg is a member of
www.fiabci.com www.nsni.bg www.bcci.bg/bulgarian/

European Commission: Bulgarian Economy Expected to Contract by 7.2% in 2020, Grow by 6% in 2021

European Commission: Bulgarian Economy Expected to Contract by 7.2% in 2020, Grow by 6% in 2021

11.5.2020
Brussels/Sofia, May 6 (BTA Correspondent Nikolay Jeliazkov) - Bulgaria's real GDP is projected to contract by over 7 per cent in 2020, largely due to the adverse impact of measures taken to contain the spread of the pandemic following the declaration of a state of emergency on 13 March 2020, writes the European Commission (EC) in its Spring Economic Forecast for EU countries, published on Wednesday. The EU-wide economy is projected to contract by 7.5 per cent this year and grow 6.1 per cent in 2021, while the eurozone is set to contract by 7.75 per cent in 2020, followed by a 6.25 per cent growth next year. At the onset of the COVID-19 pandemic, economic conditions in Bulgaria were favourable. At 3.4 per cent, GDP growth in 2019 was robust for the fifth year in a row, mainly driven by growing household consumption. This positive trend has been interrupted by the COVID-19 outbreak. The strength of Bulgaria's economy and the positive external and fiscal balances before the outbreak of COVID-19 should help it recover from the large economic shock caused by the pandemic, points out the EC report. The EC expects a rebound in economic activity in the second half of 2020 with the gradual lifting of the confinement measures. The report points out that the unemployment rate has increased significantly since the COVID-19 containment measures were put in place, boosted in part by the return of workers from abroad. The unemployment rate is expected to jump to 7 per cent in 2020, after having reached historic lows of 4.2 per cent in 2019. In 2021, a partial recovery in employment is projected to take place and the unemployment rate to decrease to 5.8 per cent. Nominal wage growth, after years of substantial gains, is expected to moderate to 3.5per cent in 2020 and 2,25 per cent in 2021. Per the report, Bulgaria is facing the COVID-19 pandemic from a strong fiscal position. In 2019, the budget surplus reached 2.1 per cent of GDP. As part of the package of measures to contain the pandemic and its impact the government announced a higher spending on medical equipment, wage bonuses and increases for the medical and security staff, as well as subsidies, tax deferrals, state guarantees and a reallocation of investment funds to support the economy. The severe macroeconomic outlook is set to increase spending on unemployment and social benefits and curtail the revenue from taxes. The overall impact on the budget is estimated to be close to 5 pps. of GDP relative to the previous year, pushing the balance into a deficit of around 2.3/4 per cent of GDP in 2020 after four years of surplus, notes the EC. In 2021, based on a no-policy-change assumption, the budget deficit is forecast at 1.3/4 per cent of GDP, mainly due to the positive impact of higher economic growth on revenues and the fading impact of some expenditure measures. The EC predicts the general government debt to increase and reach over 25 per cent of GDP in both 2020 and 2021, as a result of the primary deficit, the contraction in GDP and certain measures to support liquidity in the economy (e.g. the capital strengthening of the Bulgarian Development Bank to provide state guaranteed loans) that do not affect the deficit but which do weigh on debt. NV/DT Source: Brussels/Sofia, http://www.bta.bg/en/c/NW/id/2206271
Latest news:
Bulgarian Psychotherapy In a Time of Pandemic Bulgarian Psychotherapy In a Time of Pandemic
May 7 (Desislava Toncheva, BTA) - The unfolding of the coronavirus pandemic in recent months has completely reshaped public life and affected people in every aspect of their existence, from their physical wellbeing, to...
1,865 Confirmed COVID-19 Cases in Bulgaria 1,865 Confirmed COVID-19 Cases in Bulgaria
Sofia, May 8 (BTA) - The number of confirmed COVID-19 cases in Bulgaria has reached 1,865, informed national task force secretary Assoc. Prof. Dimo Dimov. Over the last 24 hours, 1,397 test sample were analysed;...
Sludge Repository Leaks at Republica Power Plant, Leakage Under Control Sludge Repository Leaks at Republica Power Plant, Leakage Under Control
May 7 (BTA) - There was a leak in the \"September 7\" sludge repository of the Republica thermal power plant in the western town of Pernik, head of the Toplofikatsiya heating company Lyubomir Spasov told BTA. The...
Town of Yakoruda Safely Observes St. George Day Festivities amid Coronavirus Pandemic Town of Yakoruda Safely Observes St. George Day Festivities amid Coronavirus Pandemic
Sofia, May 6 (BTA) - The small southwestern Bulgarian mountain town of Yakoruda has a special relationship with St. George\'s Day, also known as the Feast of Saint George, a Christian holiday observed across several...
European Commission: Bulgarian Economy Expected to Contract by 7.2% in 2020, Grow by 6% in 2021 European Commission: Bulgarian Economy Expected to Contract by 7.2% in 2020, Grow by 6% in 2021
Brussels/Sofia, May 6 (BTA Correspondent Nikolay Jeliazkov) - Bulgaria\'s real GDP is projected to contract by over 7 per cent in 2020, largely due to the adverse impact of measures taken to contain the spread of...
Bulgarians Allowed to Travel Between Cities and Regions as of May 6 in New Step of Relaxing Coronavirus Restrictions Bulgarians Allowed to Travel Between Cities and Regions as of May 6 in New Step of Relaxing Coronavirus Restrictions
May 5 (BTA) - As of May 6, the checkpoints set up by the Interior Ministry at the entry and exit points of large cities as part of the coronavirus restrictions, will be removed and Bulgarians will be able to travel...
National External Assessment Exams After Grade 7 Will Take Place on June 15 and 17 Matriculation Exams on June 1 and 3 National External Assessment Exams After Grade 7 Will Take Place on June 15 and 17 Matriculation Exams on June 1 and 3
May 5 (BTA) - The national external assessment examination after grade 7 in Bulgarian language and literature will take place on June 15, and the exam in mathematics - on June 17. This was announced by Minister of...
Alpha Research Surveys COVID-19 Crisis Impact on Bulgarian Business Alpha Research Surveys COVID-19 Crisis Impact on Bulgarian Business
May 4 (BTA) - The Alpha Research polling agency conducted the first complex parallel survey among businesses and citizens between April 13-23 on the impact of the coronavirus epidemic. Below are the findings of the...
 More IVF Babies Born in Bulgaria
Sofia, May 4 (BTA) - The number of IVF babies born in Bulgaria is rising, according to Hospital Index, a joint initiative of Gallup International and clinica.bg. The babies conceived through State-subsidized IVF...