Eighty-five percent of all working companies in Bulgaria have four workers at most, more than half have no workers at all, indicate data from a survey on the viability of enterprises conducted by the National Statistical Institute using 2014 data and quoted by Dnevnik newspaper.
There were 332,800 active enterprises in Bulgaria in 2014, 150,000 of which (45.2 percent) had no hired workers. 132,000 companies fall into the 1-4 workers group and only 7.6 percent – in the 5-10 workers group. Eight percent of companies have more than 10 workers, but it is this group that provides close to 70 percent of all jobs; the biggest group of active companies – those with no workers hired, provide a mere 6.3 percent of all jobs. The greatest number of new companies are set up in commerce, and the best survivor companies during their first year are in transport and storage. A mere 7.8 percent of the companies set up in 2009 survived until 2014 with the most viable being businesses in power generation (14.6 percent).
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the..
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to..
+359 2 9336 661