BULGARIAN ECONOMY
IMF expects 3,6 percent economic growth in Bulgaria in 2021
The Bulgarian economy shrunk by 4.6 percent last year, and in 2021 the country expects a recovery and a new growth of up to 3.6 percent. This is the conclusion of International Monetary Fund experts voiced in the framework of routine consultations.
The pandemic has halted Bulgaria's convincing economic growth, the International Monetary Fund experts said, but in Washington they expect improvement in 2021 thanks to the government's measures stimulating consumption and prudent fiscal policy.
The IMF recommends flexible policies to cushion the shock of the pandemic, which makes the budget deficit grow. The banking watchdog should also closely monitor the situation with non-performing loans, which can increase in bank portfolios, Washington experts recommend.
As in any other assessment, the IMF calls on our country to continue the fight against corruption and significantly improve the business environment.
NEWS FROM BCCI
BCCI took part in a meeting hosted by the Bulgarian Head of State Rumen Radev
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The key goal remains regional cooperation and mutual trade for stability and common prosperity
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The current Portuguese Presidency of the Council of the EU has been highlighted as a priority of his mission
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In the field of company, commercial, administrative and labour law, out-of-court dispute resolution
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ENERGY AND ENERGY EFFICIENCY
Contract signing ceremony between Kozloduy NPP and “Westinghouse Electric Sweden”
Aimed at developing safety analyses for licensing and implementation of an alternative type of nuclear fuel for Unit 5 of the nuclear plant in Bulgaria
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BULGARIAN ECONOMY
Bulgaria’s Minister of Economy: 60/40 payroll support measure will be in effect until September
IMF expects 3,6 percent economic growth in Bulgaria in 2021
Improvement in 2021 thanks to the government's measures stimulating consumption and prudent fiscal policy
MoreOECD: Pandemic impedes Bulgaria’s impressive economic growth
The organisation expects Bulgarian economy to grow this year at 3.3 percent
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BULGARIA IN EU
Bulgaria files applications to the EC for registration of yoghurt and white brined cheese as protected products
Protection and affirmation of the good reputation and high quality of these traditional Bulgarian dairy products
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FINANCE
MoF expects an excess of revenues over expenditures under the Consolidated Fiscal Programme
Amounting to BGN 405 million for January 2021
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