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

15 percent of restaurants, cafes in Bulgaria have gone bankrupt amid Covid-19 crisis

Photo: BGNES

Bulgaria's restaurant owners demand that in the 60/40 state support for businesses the criterion of no budgetary obligations should be removed. Thus, the scheme would be more applicable to small businesses. Currently, less than 10% of firms in the restaurant and hotel sector have benefited from this scheme aimed at maintaining employment in light of the Covid-19 crisis. 

According to Richard Alibegov, chairman of the Bulgarian Association of Catering Establishments, most of the small and medium-sized businesses carry some obligations with them. The association forecasts that the sector will see 50% of bankruptcies by the end of the year, as currently bankruptcies are around 15%.



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

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
MP Rosen Zhelyazkov, GERB

GERB-SDS submit request for interpretation of provisions of the Constitution

MPs from GERB-SDS have submitted a request to the Constitutional Court for interpretation of provisions of the country's basic law, BTA reported. The MPs want clarity whether when the mandate of the members of the Supreme Judicial..

published on 11/28/24 11:34 AM