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Bulgaria’s business to receive compensations for the high price of electricity

Representatives of Bulgaria’s business and trade unions negotiated with this country‘ s caretaker Premier Stefan Yanev financial compensations for the high electricity prices . A total of 600,000 companies are expected to receive financial..

19.10.21 15:24 |
The President of the Bulgarian Industrial Capital Association Vasil Velev

Bulgarian Industrial Capital Association: Bulgaria’s business environment deteriorates

The business environment in Bulgaria has deteriorated further. We insist that the National Economic Council be convened, the President of the Bulgarian Industrial Capital Association Vasil Velev said for the BNR . Businesses in Europe receive..

19.09.21 11:30 |
Vasil Velev

Bulgaria’s business demands resignations in energy sector

"Since the beginning of August, Bulgaria’s electricity prices were the highest in the entire EU. This is due to the damaging and incompetent management of the energy sector to the detriment of this country’s economy and households. We demand the..

10.08.21 15:52 |

Bulgarian Industrial Capital Association calls for measures to support economy

The Bulgarian Industrial Capital Association (BICA) called on the new 45th National Assembly to support measures for economic development. In a declaration to Bulgaria’s Parliament, BICA called for efficient administration and transparent governance..

14.04.21 17:27 |

Can sectors with business activities limited by Covid-19 survive?

The Covid-19 pandemic and anti-epidemic measures, which have been part of our daily lives for a year now, have had an extremely negative impact on a number of sectors. The revival of some of the industries during the summer was too short and was..

26.01.21 13:38 |
Vasil Velev, chairman of BICA

Industrial Capital Association: Increasing the minimum wage is a mistake

The Bulgarian Industrial Capital Association (BICA) forecasts a decline in the country's gross domestic product between 3.5 and 5.5% depending on the development of the second wave of Covid-19. This was said for BNR by the chairman of the association..

20.10.20 11:30 |
Minister Denitsa Sacheva

60/40 wage support scheme to continue functioning after October 1

The 60/40 wage support scheme is to continue functioning after October 1, yet under different conditions, Bulgaria’s Minister of Labor and Social Policy Denitsa Sacheva told representatives of business and labor unions, reporter Tsvetelina Stoyanova..

14.09.20 17:42 |
Vasil Velev

Bulgarian businesses in the conditions of recession, pandemic and political crisis

The Bulgarian economy registered a 10% decline over the second quarter of 2020 compared to the first three monthsof the year, indicate National Statistical Institute data. How are businesses operating in the conditions of recession, pandemic, and..

08.09.20 14:18 |

Employers speak out against increase of salaries in public administration

Three of the four nationally representative employers' organizations - the Bulgarian Industrial Capital Association (BICA), the Bulgarian Industrial Association (BIA) and the Bulgarian Chamber of Commerce and Industry (BCCI) - have spoken out against..

31.08.20 18:24 |
Deputy Premier Tomislav Donchev

Bulgaria needs to set its priorities for recovery from Covid-19 crisis by September

Bulgaria will have access to financial resource to the tune of more than EUR 29 billion in the next programming period. For the purpose, this country has to determine the priority areas and funding mechanisms by September. The anti-crisis funds will..

03.07.20 11:03 |
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