Market Intelligence Reports

Quarterly Global Market Report Q4 2020

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44 November, 2020 Bulgaria Global: 32 Availability: 44 Cost: 6 Regulation: 29 Productivity: 65 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 20 Availability: 28 Cost: 3 Regulation: 21 Productivity: 33 Remote Readiness 28 Remote Readiness 44 Over $1.8 billion USD has been spent on Covid-19 measures in Bulgaria. Just under a third of this amount, was additional spending in the healthcare sector. Measures implemented to mitigate some of the economic impact include: • Government subsidy of up to 60% of wages and insurance payments • Additional support for freelancers • A payment for parents who had to take unpaid leave during the state of emergency • Bonuses for specific groups of employees who are on the front-line • Minimum wage subsidy for 3 months for employers who hire unemployed people • Support for companies and industries that have had at least a 20% reduction in revenues https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Some land borders into Bulgaria are restricted. Masks are mandatory in indoor public places. Bulgaria entered a new lockdown in late November. Restrictions include all non- essential businesses and shops and all schools being closed until the 21 st of December. 2.7% 4.7% 0% 20% Bulgaria Regional Ave. % of GDP Bulgaria Q4 2019* Q4 2020* % Change YOY Total Workforce 3.40M 3.27M -3.9% Unemployment Rate (%) 5.3% 6.9% +30% Unemployed Workers 180K 226K +25% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ Eurostat

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