Study into the COVID-19 Effects upon the North-Eastern Region Economy

Abstract

The primary objective of the present paper is to explore the impact of COVID-19 on the economy of the North-Eastern Region (NER) of the Republic of Bulgaria in an effort to systematize the appropriate mitigation measures to minimize the effects of COVID-19 outbreak. Determining the probable impact of the COVID-19 crisis on the NER economy is extremely difficult due to the pandemic dynamics and the constant shifts or changes in the forecasts related to its effects on the global economy and the development of the individual countries and regions in particular. The pandemic’s impact on the NER economy is carefully considered in terms of regional GDP per capita analysis; the key indicators of the labour resources; the development of travel and tourism industry, information and communication technologies (ICT), manufacturing industry, trade industry, maritime industry, cultural and creative industries, the level of foreign direct investment (FDI).