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 explosions near the village of Gara Elin Pelin continue, caretaker Minister of Interior Kalin Stoyanov said. Heavily equipped specialists have entered the 6th warehouse of the "Enigma" company and have secured unexploded pyrotechnics. A body was..
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The Romanian Border Police has ordered measures to ensure operational control and reduce waiting times at the border with Bulgaria at Giurgiu-Ruse , where heavy traffic is expected over the weekend, BTA reported, citing the Agerpres agency. An..
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..
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