Text size

Employers present their views on improving the business environment in Bulgaria

published on 1/20/25 1:54 PM

Photo: BTA

Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers.

"Romania was close to us in terms of debt to GDP. There are already problems, salaries and pensions have been frozen there for this year. We need to make adjustments to the course, including the balance for the green energy transition", said Velev.

Dobri Mitrev from the Bulgarian Industrial Chamber demanded to continue the fight against the shadow economy. 65 billion leva (33 euros) or 32% is the share of the shadow economy, which is alarming, the entrepreneur emphasized.

In social policy, businesses insists on the repeal of Art. 244 of the Labor Code and the introduction of a transparent mechanism for negotiating and determining the minimum wage in the country, BGNES and BTA report.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Bulgarian economy shadow economy

More from category

IME: June 3 is the day when taxpayers start working for themselves

According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..

published on 6/3/25 1:47 PM

Economy Minister Dilov: Bulgaria’s accession to the euro area will have a positive impact on the economy, people and business

“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..

published on 5/26/25 12:02 PM

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..

published on 5/21/25 1:33 PM