Fiscal buffers allow Bulgaria to go through the crisis , Radosvet Radev, chairman of the Bulgarian Industrial Association (BIA), has told BNR. According to him, this will probably be reflected in the budget for 2021. He also said that any measure in..
The funds under the European Commission’s initiative React EU for the fight against Covid-19 and the economic crisis in Bulgaria will be allocated in two directions. This became clear after the meeting of Minister Lachezar Borisov with the trade..
The EC has given its approval to Bulgaria to support medium-sized business affected by Covid-19 with 102m euros. A statement from the European Commission reads that the measure was necessary, appropriate and proportionate. Part of the financing (87..
Business climate in Bulgaria has been improving in June 2020, which is due to more favorable assessments and expectations of companies in all sectors - industry, construction, retail and services, according to national statistics. The general business..
Foreign Minister Ekaterina Zaharieva has been questioned in the case of trading in influence, in which presidential adviser Plamen Uzunov and businessman Plamen Bobokov testified. Zaharieva's interrogation on June 24th was linked to published chats..
All non-household consumers, regardless of the amount of electricity they consume, will become part of the free electricity market on October 1. This has been decided by the National Assembly at first reading. The BSP abstained and the Movement for..
According to the Bulgarian Industrial Capital Association, the possibility offered by the amendments to the Health Act for the Minister of Health to declare an "emergency epidemic situation" was unconstitutional. Granting the authority to an..
In April, the overall business climate indicator in Bulgaria has fallen by nearly 42 points from its March level and is 37 points below the long-term average over the past decade. Compared to February 1997, when the long-term minimum was marked,..
A poll by the National Statistical Institute on the effect of the state of emergency on economy shows that in March 53.5% of Bulgarian enterprises marked a decline in sales revenues. 36.3% report no change and 9.5% report rise of revenue. In the..
Through its representative office in Sofia, the EC has announced that it approved a government-proposed 255 million-euro guarantee scheme in support of existing or new loans to small and medium-sized enterprises affected by the Covid-19 crisis...
