“Businesses are freezing investment projects,” said Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry for the BNR.
“Productions have already shrunk, and there will be layoffs. The 60/40 measure did not have the best effect. It turned out that those who are working receive 100% of their salaries while those who are not working – they too receive 100% of their salaries. In the conditions of political instability, businesses are also worried about the implementation of the measures of support in the economy. What businesses fear are the numerous reports of corruption practices in Bulgaria. The companies which have already made investments have overcome this corruption barrier, but for others it is a source of stress and concern,” Tsvetan Simeonov said.
A day before the boycott of supermarket chains due to high prices announced for February 13, the Bulgarian Industrial Capital Association and the Association of Dairy Processors signaled that over the past year the mark-up on dairy products has..
The mayor of Tutrakan, Dimitar Stefanov, and the mayor of the Romanian town of Oltenitsa, Mihăiță Beștea, have signed documents urging the two municipalities to work together to launch a ferry line across the Danube. The first services are expected to..
A photograph in the media of Minister of Labour and Social Policy Borislav Gutsanov (Bulgarian Socialist Party), MEP Kristian Vigenin (Bulgarian Socialist Party) and former PM Simeon Saxe-Coburg-Gotha attending a conference, organized by the Russian..
The parliamentary group of DPS-Democracy, Rights and Freedoms, affiliated with Ahmed Dogan declared they were categorically opposed to the appointment..
Maria Bakalova is set to star in Sylvester Stallone’s new film “My Masterpiece”, the professional film website IMDB writes. According to the official..
Experts from the Royal Netherlands Police are in Sofia for a series of trainings for their Bulgarian colleagues from the Border Police in the field of..
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