According to estimates of the Bulgarian Industrial Capital Association, the national economy is to lose between EUR 150 million and EUR 200 million in 2016 due to the long holidays. The employers calculate that due to the mergers of the holidays and the working days between Easter and St George’s Day, as well as around May 24 (The Day of Culture and Slavic Script), there are 18 working days and 13 holidays this month. Only 8% of the Bulgarian companies, mainly in the transport and tourism field, are to benefit from the long holidays. However, the rest of the industry is to experience difficulties, because after the holidays they have to put additional pressure to their employees, in order to meet their targets. Even if shops are open throughout the holidays, the employers are to incur losses, because most of their clients spend the holidays outside the cities. Meanwhile, the companies abroad are functioning at full capacity, the Bulgarian employers complain.
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..
A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..
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