“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.
The Ministry of Tourism has carried out nearly 200 checks in Bulgarian Black Sea resorts over the past month, Minister Miroslav Borshosh reported. An inspection is currently underway in Sunny Beach. “We want to put a stop to all types of illegal..
Twenty-two Bulgarian students who spent the last school year at high schools across the United States, from Texas to Vermont, have returned home . The exchange was organised by the YES Bulgaria programme. Over the past few months, the teenagers not..
Tighter controls on main roads, tougher penalties for violators and improved traffic management during the summer months — these were the measures ordered by Bulgaria’s Prime Minister Rosen Zhelyazkov at the start of the Cabinet meeting. In..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
On Thursday, the lowest temperatures will range from 13°C to 20°C, 16°C in Sofia. It will be sunny during the day and hot in the afternoon. There will..
The Sultanate of Oman's Minister of Foreign Affairs, Sayyid Badr bin Hamad Al Busaidi, will visit Bulgaria from 2 to 4 July 2025 at the invitation of his..
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