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.
From today until July 20, the International Folklore Festival "Vitosha" will be held at the foot of Vitosha Mountain. Performers from Bolivia, India, Italy, Albania, Mexico, Kazakhstan, Moldova, North Macedonia and Bulgaria will introduce the..
From July 15 until August 4, eighty-eight people from three continents will study Bulgarian at the University of Veliko Tarnovo. The International Summer Seminar on Bulgarian Language and Culture will be held for the 47th year, offering..
It will be sunny and hot on Monday. Cumulus clouds will form over the eastern parts of the country with no chance of precipitation. Daytime highs will range from 36°C to 41°C, for Sofia around 37°C. It will be sunny along the Black Sea coast..
Sunday will be sunny and hot. There will be a light, in the Eastern parts to moderate wind from the East-Northeast. Maximum temperatures 35-40° C.,..
Caretaker Premier Dimitar Glavchev and the Director of the General Directorate Fire Safety and Civil Protection, Chief Commissioner Alexander Dzhartov,..
Seven fires are burning in forest areas in the districts of Plovdiv, Haskovo, Kyustendil and Yambol, the Executive Forests Agency said. In..
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