Bulgaria

Bulgaria’s GDP to Decline by 3% in the Worst Case Scenario

The latest budgetary changes adopted by the Bulgarian government are based on the worst case scenario for the development of the COVID-19 crisis, this country's Minister of Finance Vladislav Goranov said. We have developed three different scenarios, but we assume the most negative one, in order to guarantee the functioning of all public systems until the end of 2020.

Bulgaria’s Government Proposes Budget Update, Increase in Debt Ceiling

The Bulgarian government on March 30 proposed a budget update because of the coronavirus crisis.

Due to the emergency measures and consequences for the Bulgarian economy, the cabinet proposes that the National Assembly vote on a budget deficit for this year of 2.9% of GDP, or BGN 3.5 billion, BNT reported.

Weather Foreast: Mostly Cloudy with Rain

Today, the weather across Bulgaria will be mostly cloudy, with light, scattered rain. Moderate, or temporarily strong in the Danubian Plain and eastern Bulgaria, winds will bring cold air from the north-northeast. In the evening, precipitation in western Bulgaria will intensify and quickly turn to snow, which will accumulate overnight.

Bulgaria’s Cabinet Approves Purchase of 1 Million Face-Protection Masks from China

Bulgaria's cabinet has approved a contract with the China National Pharmaceutical Group for delivery of personal protective equipment- face protection masks type KN95. According to the contract, the Bulgarian Ministry of Health will buy 1 million medical masks type KN95 to the tune of EUR 1.67 million, BNR reported.

Nearly 110,000 Bulgarians Returned to their Home Country since Beginning of Quarantine

According to data of the Bulgarian Border Police, nearly 110,000 Bulgarians returned from abroad from the first day of quarantine until March 23. 36,000 people returned to Bulgaria by plane. Over 26,000 Bulgarians entered this country from Romania, nearly 2,000 from Greece. 3,000 Bulgarian nationals entered this country from North Macedonia and 4,000 people entered Bulgaria from Serbia.

The President Canceled his Visit to Germany because of the Coronavirus

The visit of the Bulgarian head of state Rumen Radev to the Federal Republic of Germany, scheduled to take place on March 26 and 27 at the invitation of President Frank-Walter Steinmeier, is postponed by mutual agreement because of the spread of the coronavirus in Europe.

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