There has been a significant decline in production and sales, reads the annual survey of the Bulgarian Industrial Association regarding the business climate in 2023. The least affected are salaries, which in 2023 increase in 71% of the companies.
The numerous crises that have accumulated over the past 2-3 years have inevitably had an impact on the companies’ indicators, all of which marked drastic declines as compared to the pre-crisis 2019. Production and sales volumes, as well as foreign markets, are decreasing. Nevertheless, incomes are growing, the business says. 85% of respondents said they had offset inflation in their employees' incomes. 65% of them increased wages, 12% gave an annual bonus, 7% gave a quarterly bonus and 16% increased the amount given in the form of food vouchers.
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Mostly Cloudy
Wet snow
Значителна облачност със сняг
Snow
Partly cloudy, chance of snow