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.
Bulgaria is among the countries with the highest shares of own property in Europe, but has the lowest share of insured homes, Nikolay Stanchev, chairman of the Management Board of the Association of Bulgarian Insurers, told BNT...
After hard days of fighting the fires, the situation in the country is under control. There is no danger of the fire on Greek territory near the Bulgarian-Greek border spreading, it was reported People whose houses have been..
The European Commission has presented the annual report on the rule of law in the EU. The Commission notes the changes adopted in the Constitution of Bulgaria. Sofia is once again recommended to undertake legal changes to avoid 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..
There are no active wildfires on the territory of Bulgaria, said caretaker Prime Minister Dimitar Glavchev at the start of the government meeting...
The former Bulgarian Minister of Defense Nikolay Nenchev will be temporarily in charge of the Bulgarian Embassy in Ukraine. This decision was taken by..
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