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.
At the Boyana Residence in Sofia, Bulgaria's caretaker Prime Minister, Foreign Minister Dimitar Glavchev, welcomed the diplomatic staff at a reception marking the Bulgarian Diplomatic Service Day - 19 July and the 145th anniversary of the founding of..
There are no active fires in the country right now , the Bulgarian Ministry of the Interior announced. The fire in the villages of Voden, Kraynovo and Strandzha near Yambol has been contained on all fronts. On Tuesday, a walkthrough will be made and if..
The former Bulgarian Minister of Defense Nikolay Nenchev will be temporarily in charge of the Bulgarian Embassy in Ukraine. This decision was taken by the Bulgarian caretaker government to end the more than a year-long deadlock between the Council of..
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...
Bulgarians drive more than their Balkan neighbours, averaging more than 21 000 km per year, according to a survey by CarVertical , reported by BGNES...
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