A survey by the Bulgarian Industrial Association (BIA) among 580 enterprises in the sphere of services and trade shows that more than 80% of them say that the 60/40 anti-crisis measure (sharing the cost of staff salaries between the state and employers) is inefficient, Dimiter Brankov, BIA Vice President said for the Bulgarian National Radio. 70% of the respondents have cut staff, 15% have reduced salaries. More than 63% of enterprises are expecting to recover within the space of one year.
In an interview for bTV economist Rumen Galabinov stated that to get back on their feet, businesses need compensatory measures such as gratuitous and unconditional aid. Gratuitous – because many of the proposals by the state are for credits, and unconditional – because not all people can qualify for the aid offered.
The Ministry of Foreign Affairs has advised Bulgarian citizens to avoid traveling to Greece because of a planned national strike today. The Foreign Ministry advises people to check the situation in Bulgaria's southern neighbor and the timeliness of flight..
"We hope that by the end of next week, the calculations will be completed and the results will be submitted to the Constitutional Court", Central Election Commission (CEC) Deputy Chair Rositsa Mateva told public broadcaster BNT regarding the..
The number of pensioners in January this year increased by 15,630 people, or 0.8%, compared to the first month of the previous year, the National Social Security Institute informed. More than 2 million people live on pensions whose average value is..
Hristo Stoichkov has been appointed the Sports Tourism Ambassador for the World Tourism Organization (UN Tourism). This became clear at an official..
The effects of the protests against supermarkets are being felt, Agriculture Minister Georgi Tahov said in Plovdiv, where he was attending a national..
In 2022, 14.7% of workers in the EU were low-wage earners . By definition, low-wage earners are those who earn two-thirds or less of the average gross..
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