Economies Of Bulgaria, Romania, And Finland With A Growth Of 0.3 Percent

The economies of the 27 EU countries contracted at a record high in the first quarter of 2020 by 3.3%. Only 9 countries show a small growth. Among them is Bulgaria with a 2.4% increase in GDP compared to the same period in 2019, Eurostat reported. 

Compared to December 2019, only the economies of Finland, Bulgaria and Romania have a growth of 0.3 percent. 

According to national statistics, Bulgaria has a weaker growth in the first quarter compared to the same period in 2019. Then GDP growth was 3.1%, while in 2020 it was 2.4%. The sharp slowdown is due to the decline in final consumption, which began before the Covid-19 pandemic, according to the National Statistical Institute.

Read More

Bulgarians Trips Abroad Increased 4.2 Year On Year In 2018

In December 2018, Bulgarians made 478,400 trips abroad, 4.2% more than in the same month of the previous year, the National Statistical...

EC Approves Funding For Plovdiv-Burgas Railway

The European Commission said on Thursday that it has approved 293 million euro ($331 million) in Cohesion Fund financing for an upgrade of a...

Protected: Top 100 Richest Bulgarians -Updated May 18th 2019

*As published in Bulgaria Business Review Magazine. 2019 has seen 2 new entrants to the top 10 richest Bulgarians;...


Froneri Closes Ice Cream Factory In Varna

The Swiss-British Froneri is closing its ice cream factory in Varna and will now import from Serbia, said Capital.

Fintech Banks To Take A Lot Of Bank Revenue

The global payment business, which covers everything from card payments to remittances abroad, will generate about $ 1.5 trillion this year, according to Accenture....

New Residential Buildings In Operation Increased By 50% In End Of 2019

According to preliminary data of the National Statistical Institute, in the fourth quarter of 2019, the number of newly built residential buildings was 1,057 and...