One way to determine entrepreneurial activity in a country is to track the number of registered new companies. The data from the beginning of 2020 to the month of September show an expected decline of the newly registered companies in Bulgaria. The highest decline was in April 2020, when 65% fewer new businesses or almost 3,000 fewer were opened, compared to the same period last year. From January to September 2020, 9,800 fewer new legal entities were registered. This equates to a 25% decline compared to 2019. The reasons are the restrictive measures during the spring and the ensuing uncertainty.
Interestingly, in June 2020 there was a certain increase in the newly registered companies. This is probably due to people starting their new business after being laid off, or starting it after the two-month lockdown. The negative trend is forecast to continue until the end of the year, due to the escalation of the pandemic in October and November.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
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