Like much of the world, Bulgaria has been dealing with the economic and healthcare fallout of the global coronavirus pandemic. Bulgarian authorities have pumped billions into the economy through support schemes for small and medium-sized enterprises (SMEs), farmers and those working in tourism, as well as wage support schemes to preserve employment.
Even so, Bulgaria’s gross domestic product (GDP) fell by 4.2% in 2020, after expanding by 3.7% in 2019. This compared with a combined drop of 6.2% for the EU as a whole in 2020. There were, however, hopes that 2021 would be a far better year for the country.
