The business climate assessment for the year and that of the condition of the companies of participants in the traditional survey among the members of the Bulgarian Industrial Association is overwhelmingly negative.
For 2023, business attitudes show mostly preservation or deterioration of economic indicators, rather than positive development. The majority of respondents point out the rise of prices, the fiscal and regulatory burden and inflation as risks to the development of the Bulgarian economy. The concerns are mainly related to the ongoing economic and energy crises, provoked by the military conflict in Ukraine, as well as to the political turbulence in the country that brings instability and uncertainty. Lack of manpower and frequently changing regulations, bureaucracy, regulatory burden and lack of e-government are also among the biggest obstacles, according to the business.
The expectation for a rise in prices and the price of labor, makes most employers (67%) envisage wage hikes in their plans for 2023.
The construction of a ferry link between Tutrakan and the Romanian town of Oltenița is expected to begin soon, the mayor of Tutrakan Municipality Dimitar Stefanov wrote on Facebook after a meeting with his Romanian counterpart Mihăiță Beștea...
It will be sunny on Monday. Clouds will form over the northern, central and northeastern parts of the country in the afternoon and the evening with a chance of brief showers. There will be conditions for hail. The lowest temperatures will range from..
The Bulgarian national informatics team won 3 medals and an honorary diploma at the 4th European Girls’ Olympiad in Informatics. The competition was held from July 21 to 27 in Veldhoven, the Netherlands, said the team leader Rumen Mihov. 196..
Two Bulgarian military helicopters will today help to extinguish the fire burning on the Slavyanka mountain on the border between Bulgaria and Greece...
The explosions near the village of Gara Elin Pelin continue, caretaker Minister of Interior Kalin Stoyanov said. Heavily equipped specialists have..
One of our ambitious goals is to make Sofia a net zero carbon city by 2030. This was announced by the Mayor of Sofia, Vasil Terziev, at the opening of..
+359 2 9336 661