“The recovery and resilience plan must be submitted to the European Commission because its contents can be altered afterwards but the deadline can’t,” Radosvet Radev, President of the Bulgarian Industrial Association (BIA) said in an interview with bTV.
He commented that there is a sense of mild optimism among businesses because of the mass vaccination which will lead to better working conditions. However, the economy is expected to recover no earlier than the end of 2022. According to a BIA survey, 74% of the respondents, representing businesses in the country, say that new measures are needed to assist them. As to the banking moratorium, 54% say that they will find it difficult to service their debts, 79% say they see no improvement in the economic indexes.
“At the moment an entrepreneur’s best defence is to do nothing and postpone investments,” Radosvet Radev said.
Deputy Prime Ministers and Ministers of Transport Grozdan Karadzhov and Aleksandar Nikoloski signed an agreement in Gyueshevo for the construction of a railway tunnel between Bulgaria and the Republic of North Macedonia. The facility..
The police have neutralized an organized crime group that transported migrants from Burgas through Sofia to the Serbian border, Sofia District Prosecutor Natalia Nikolova said at a briefing. She indicated that 13 addresses were..
Democracy is consistently perceived by a solid majority in Bulgarian society as the best form of governance. Approximately 1.5 million citizens declare their willingness to risk their personal security to protect it, according to a representative study..
The Sofia City Court has postponed the extradition case of Igor Grechushkin, the owner of a cargo ship linked to the explosion at the port of Beirut in..
The Road Infrastructure Agency (RIA) has proposed the introduction of temporary restrictions on the movement of heavy trucks weighing over 12 tons along..
Prime Minister Rosen Zhelyazkov said that the state’s representative at Lukoil could include more than one appointed manager, in line with upcoming legal..
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