Text size

Employers present their views on improving the business environment in Bulgaria

published on 1/20/25 1:54 PM

Photo: BTA

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 close to us in terms of debt to GDP. There are already problems, salaries and pensions have been frozen there for this year. We need to make adjustments to the course, including the balance for the green energy transition", said Velev.

Dobri Mitrev from the Bulgarian Industrial Chamber demanded to continue the fight against the shadow economy. 65 billion leva (33 euros) or 32% is the share of the shadow economy, which is alarming, the entrepreneur emphasized.

In social policy, businesses insists on the repeal of Art. 244 of the Labor Code and the introduction of a transparent mechanism for negotiating and determining the minimum wage in the country, BGNES and BTA report.

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

Radio Bulgaria Economy Bulgarian economy shadow economy

More from category

Which currencies will be most sought after by Bulgarians in 2024?

The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..

published on 1/2/25 3:08 PM

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 1 | Max: 12

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Germany remains Bulgaria's largest foreign trade partner

Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of..

published on 1/31/25 9:32 AM

Share