Text size

Covid-19 hampers development of 20% of small businesses in Bulgaria

published on 1/6/21 5:07 PM

Photo: Pixabay

More than 20% of small and medium-sized businesses in Bulgaria are finding it difficult to resume production in the Covid crisis. They have infrastructure and staff, but no working capital. More than 75% of small and medium-sized enterprises have non-performing bank loans and only about 15% of them have found new opportunities for development in the crisis. The data are from a study by the National Association of Small and Medium-sized Businesses.

Companies related to online services, retail trade, home deliveries and digitalization are successfully going through the pandemic, but those in the traditional sectors are suffering severe consequences and do not even have a strategy on how to limit their losses, the chairman of the association Eleonora Negulova told BNR.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Up-to-date information businesses Covid crisis small and medium-sized enterprises

More from category

Warning for dangerous heat in the entire country

Thursday will be sunny and hot. There will be more clouds in the afternoon, but short rainfalls are expected in few places. The lowest temperatures will be between 17 and 25°C; in Sofia about 18°C. The highest will be between 34 and..

published on 7/10/24 6:45 PM

The number of health care specialists has decreased by 40% in 15 years

The number of healthcare specialists in Bulgarian hospitals is drastically decreasing. According to data presented during the National Meeting of Nurses on July 10 in Sofia, the number of healthcare professionals in Bulgarian hospitals has decreased..

published on 7/10/24 6:07 PM

BSP will not participate in negotiations to form a government with the second cabinet-forming mandate

The Bulgarian Socialist Party (BSP) will not participate in talks with the Movement for Rights and Freedoms (DPS) for the second cabinet-forming mandate, the party's press centre said. The position of BSP is addressed to the chairman of the..

published on 7/10/24 5:41 PM