Bulgarian National Bank

Bulgaria Prepares for ‘Worst-Case Economic Scenario’

Finance Minister Vladislav Goranov told a press conference on Tuesday that in the worst-case scenario, the Bulgarian economy could shrink by three per cent in 2020 due to the impact of the coronavirus pandemic.

"If the period of isolation continues for three months in total, our economy will recover by the end of 2021," Goranov said.

EUR 3.7 Billion is the Revenue from International Tourism in Bulgaria in 2019

3.7 billion euros are the revenues from international tourism for 2019 in Bulgaria, according to the data of the Bulgarian National Bank, announced today. The results show an increase of 0.4% compared to 2018.

In December 2019 alone, revenues from foreign tourists exceed € 165 million, an increase of 10 percent over the last month of 2018, according to the central

bank.

President Radev Discussed Bulgaria's Bid to Join the Euro Area with BNB Governor

Bulgaria's President Rumen Radev met Governor of the Bulgarian National Bank (BNB) Dimitar Radev on February 13. The focus of the meeting was Bulgaria's announced intention to join the Exchange Rate Mechanism II (ERM II), which is the first mandatory step for joining the euro area, BNT reported.

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