The business climate in Bulgaria has deteriorated in 2018. This was stated by the chairman of the Bulgarian Industrial Association Radosvet Radev, referring to the results of a poll, in which 740 companies took part. 49% of respondents reported a slowdown in their development and a 26% reported worsening of the business environment this year compared to 2017. Just 24% of respondents say 2018 was successful for their business. 58% of entrepreneurs believe that corruption, regulatory burden and gray economy in Bulgaria are growing.
In 2019, 1/3 of Bulgarian entrepreneurs expect growth in the economy. Compared to a year earlier, optimists are down by 5%. Business intentions in 2019 are mainly about developing new products and searching for new markets, which will affect employers' plans to hire new workers and raise wages. At this backdrop, 68% of companies intend to raise employees' salaries.
President Rumen Radev handed over the second exploratory mandate to form a government to the second largest parliamentary group in the 50th National Assembly - "We Continue the Change" - "Democratic Bulgaria" coalition (PP-DB). At the handing..
A contract between the US Trade and Development Agency and the Electric Power System Operator for the feasibility study for the East-West Energy Corridor was signed at the Council of Ministers. The funding, amounting to USD 1.2 million, is..
Residents of the village of Kavrakirovo, near Petrich, came out in protest because of a proposal submitted to the municipal council of the municipality of Petrich, which affects nearly 100 ha of forest land . According to the protesters, it is about the..
The best Bulgarian students in mathematics have won 5 medals by participating in the most prestigious mathematics competition in the world for 2024. At..
The former Bulgarian Minister of Defense Nikolay Nenchev will be temporarily in charge of the Bulgarian Embassy in Ukraine. This decision was taken by..
There are no active wildfires on the territory of Bulgaria, said caretaker Prime Minister Dimitar Glavchev at the start of the government meeting...
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