Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

BIA: The pandemic continues to worsen Bulgaria's business climate

Photo: Archive

A study of the Bulgarian Industrial Association (BIA) for the country's business climate shows that in 2021 the negative trend of 2020 trigged by the Covid crisis continues. Only 9% of the respondents see an improvement in the business environment, and 19% of the participants in the survey report an improvement in the condition of the companies.

The main obstacles for companies are the lack of working capital - 79%, bureaucracy and regulatory burden - 73%, and frequently changing regulations - 57%. Another remaining problem is the lack of skilled manpower for 67% of companies. The gray economy, illegal imports and unfair competition are problems for 44% of businesses.
60% of companies report a decrease in sales.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Between 80 and 90% of water for domestic and industrial needs is lost in Bulgaria's water transmission network

Due to the poor condition of the water transmission network, nearly half a billion cubic meters of water are irretrievably lost annually . On this occasion, Caretaker Environment Minister Petar Dimitrov called for work to improve and repair the water..

published on 11/28/24 2:15 PM
Sofia Airport

Direct flight will start operating between Sofia and Pisa as of March 2025

From March 30, 2025, a new direct flight will connect Sofia and Pisa, Italy. A statement from Sofia Airport states that the flights will be operated by the low-cost airline Ryanair and will operate three times a week - every Tuesday, Thursday and..

published on 11/28/24 2:10 PM
Yordan Ivanov

"Democratic Bulgaria" offers support for the candidacy of Silvi Kirilov for Parliamentary Speaker

The parliamentary group of Democratic Bulgaria has offered GERB-SDS and "BSP-United Left" to vote "for" the candidacy of Silvi Kirilov from ITN for the post of Speaker of the 51st National Assembly. Yordan Ivanov, MP from "We Continue the..

published on 11/28/24 1:49 PM