“The recovery and resilience plan must be submitted to the European Commission because its contents can be altered afterwards but the deadline can’t,” Radosvet Radev, President of the Bulgarian Industrial Association (BIA) said in an interview with bTV.
He commented that there is a sense of mild optimism among businesses because of the mass vaccination which will lead to better working conditions. However, the economy is expected to recover no earlier than the end of 2022. According to a BIA survey, 74% of the respondents, representing businesses in the country, say that new measures are needed to assist them. As to the banking moratorium, 54% say that they will find it difficult to service their debts, 79% say they see no improvement in the economic indexes.
“At the moment an entrepreneur’s best defence is to do nothing and postpone investments,” Radosvet Radev said.
Folk songs and dances bring together lovers of Bulgarian folklore at the annual Folk Costume Festival in Zheravna . This year the event will be held from August 23 to 25. Among the participants in the folk festivities will be musicians from the..
Friday will be sunny with clouds in the afternoon , especially in the east where there will be showers and thundershowers. Minimum temperatures will be between 16 and 21°C, 16°C in Sofia. Highs will be between 30 and 36°C, 31°C in the capital. The..
More than 800 teachers, principals and school psychologists have signed a petition opposing the changes to the pre-school and school education act banning LGBT propaganda in schools. Vazrazhdane party will file a signal to the prosecutor's office..
Friday will be sunny with clouds in the afternoon , especially in the east where there will be showers and thundershowers. Minimum temperatures will be..
As the snap election draws nearer, GERB leader Boyko Borissov called for shared responsibility with the other political forces. This took place at a..
More than 800 teachers, principals and school psychologists have signed a petition opposing the changes to the pre-school and school education act..
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