ANALYSIS AND PROGNOSIS
Assessment report on the impact of COVID-19 on Sofia's economy
The Assessment Report on the Impact of COVID-19 on Sofia's Economy was developed by the Digitisation, Innovation and Economic Development Department of Sofia Municipality (Innovative Sofia) and the Sofia Municipal Privatisation and Investment Agency (Invest Sofia) with the support of the Institute for Market Economics (IME), Sofia Tourism Administration, the Bulgarian Convention Bureau, Automotive Cluster Bulgaria, the Bulgarian E-Commerce Association, the Culture Directorate of Sofia Municipality, the Association for Innovation, Business Excellence, Services and Technology (AIBEST) and representatives of the business ecosystem in the city.
The aim of the Report is to:
• Provide the representatives of the local business ecosystem and a wider range of stakeholders with accessible information and preliminary assessment of the expected impact of COVID-19 across various industries at a global, national and city level
• Identify potential threats and opportunities to the local ecosystem
• Start a dialogue and a collaboration between the city, the local businesses, various associations and a wider network of stakeholders in order to define measures to support the economic recovery of the city
• Serve as a first step towards the creation of a real-time mechanism to monitor the COVID-19 crisis and its impact on the local economy.
• Provide the representatives of the local business ecosystem and a wider range of stakeholders with accessible information and preliminary assessment of the expected impact of COVID-19 across various industries at a global, national and city level
• Identify potential threats and opportunities to the local ecosystem
• Start a dialogue and a collaboration between the city, the local businesses, various associations and a wider network of stakeholders in order to define measures to support the economic recovery of the city
• Serve as a first step towards the creation of a real-time mechanism to monitor the COVID-19 crisis and its impact on the local economy.
Read more HERE
NEWS FROM BCCI
BCCI advises companies in relation to the negative impact of COVID 19
BCCI provides electronic services to companies Още
EUROCHAMBRES supports EU economic recovery measures and insist on their flexible implementation without delay
80% of the Association's proposals have been taken into account by the European instituons Още
ANALYSIS AND PROGNOSIS
Spring 2020 Economic Forecast: Bulgaria’s real GDP is projected to contract by over 7% in 2020
The unemployment rate is expected to jump to 7% in 2020 Още
JTN: Over 80% of consumers agree that large chains should sell more Bulgarian products
Consumers prefer to shop in larger stores during the state of emergency Още
Assessment report on the impact of COVID-19 on Sofia's economy
Identifying potential threats and opportunities to the local ecosystem Още
Bulgaria: Effects of COVID-19 on PropTech companies
38.5% of Bulgarian property technology companies have not encountered any decrease in demand for their services Още
BULGARIAN ECONOMY
NSI: The total producer price index in March 2020 decreased by 1.5%
The prices fell in manufacturing by 3.7% Още
Eight Sofia-based companies among FT1000’s fastest growing companies in Europe
They operate in the sectors of technology and consulting services Още
PROGRAMMES & PROJECTS
Sofia’s pilot project is published on the European Commission’s PolicyCLOUD Program Website
Sofia Municipality will be able to perform simulations, tests and analysis of potential policies... Още
FINANCE
As of end-April 2020, budget surplus decreases by around BGN 1.1 billion as compared to the same period of the previous year
CHARITY INITIATIVE
Ministry of Health launches DMS campaign to support Bulgarian medical professionals working under COVID-19 conditions
