Economic analysts expect that in 2020 the number of bankruptcies in Bulgaria will increase by 21% as compared to 2019 as a result of the Covid-19 crisis. Companies from almost all sectors are at risk of bankruptcy, especially those operating is the transport sector, the automotive industry, the tourism sector and the industry for manufacture of luxury goods.
Only the IT and the pharmaceutical sectors, where higher stability has been witnessed, are not at risk of bankruptcies. Analyses show that in 2020 businesses wait 6 days longer on average, or up to 66 days, to receive payments under signed contracts, as compared to 2019, BNR reporter Natalia Ganchovska informs.
A coordination center was established yesterday at the Ministry of Foreign Affairs in connection with the situation in the Middle East. The Bulgarian government is receiving real-time information on everything that is happening and is in contact with..
Galin Tomov created an impressive portrait of President Donald Trump especially for his birthday (June 14) on a carpet, using a traditional Bulgarian loom and technique. ''Tremendous thanks to master craftsman Galin Tomov for helping us mark..
Bulgaria’s Ministry of Foreign Affairs established a Coordination Centre in connection with the worsening situation in the Middle East. It was formed by order of Premier Rosen Zhelyazkov and under the personal leadership of Minister of Foreign..
Just a week after receiving the positive convergence reports on Bulgaria’s entry into the Eurozone, all major financial funds have stated their..
Holding elections after entry into the Eurozone would be catastrophic for Bulgaria and would mislead our colleagues in Europe who have been treating..
“I am in constant contact with the security services, all possible routes and evacuation approaches are being considered,” President Rumen Radev told..
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