Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Dramatic economic decline of 10% marked in second quarter

Photo: library

Bulgarian economy has contracted in the second quarter of the year by a record 10% compared to the first three months of the year and also recorded the most dramatic decline on an annual basis by 8.5% since 1997.

Data from the National Statistical Institute are for the period of the strictest anti-epidemic quarantine measures aimed at limiting the spread of COVID-19. GDP decreased in the second quarter of 2020 by as much as 10% compared to the first three months, when it grew slightly by 0.3 percent. This has been the worst economic quarter for Bulgaria for a quarter of a century. For the second quarter, GDP reached over 14 billion euros or 2016 euros per capita.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

SANS chairman Plamen Tonchev

SANS before the elections: We are also monitoring for interference by foreign countries

"The Ministry of the Interior will show that it is a depoliticized system and belongs only to Bulgarian citizens". This was assured on the first day of the pre-election campaign for the European Parliament and 50th National Assembly elections on June 9..

published on 5/10/24 5:54 PM

Bulgaria and South Korea consolidate relations in energy

Bulgaria and South Korea will sign a cooperation agreement for promoting contacts in the sphere of energy. Agreement for this was reached by Bulgaria’s Minister of Energy Vladimir Malinov and the ambassador of the Republic of Korea to Bulgaria Bae..

published on 5/10/24 3:23 PM

Market Links: Five parties and coalitions expected to enter the next parliament

The GERB/SDS coalition will have more seats in the 50 th National Assembly – 80, as compared to 69 in the 49 th National Assembly. The Movement for Rights and Freedoms (MRF) is also expected to have more seats – 41 as compared to 36 in..

published on 5/10/24 1:30 PM