Bulgaria to invest further 169 mln euro in economy by end-2020 - econ min

Bulgaria to invest further 169 mln euro in economy by end-2020 - econ min

Bulgaria's government will invest a further 330 million levs ($199.4 million/168.7 million euro) by the end of 2020 in measures aimed at the recovery of the economy in the context of the coronavirus pandemic, economy minister Lachezar Borissov said.

Some 200 million levs of the total will benefit local medium-sized enterprises, while 68 million levs are intended for production capacity measures, Borissov said in a video file published on the website of public TV channel BNT on Thursday.

According to Borissov, the labour ministry and the economy ministry have jointly invested over 1 billion levs in Bulgaria's economy since the beginning of the coronavirus crisis.

The government imposed a two-month state of emergency in March when the first cases of the coronavirus disease were registered in Bulgaria. The state of emergency was later replaced by a state of epidemic emergency which is expected to remain in force until the end of November.

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