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

The Constitutional Court admits all five requests for the annulment of the Parliamentary elections

The Constitutional Court has admitted all five requests for the partial or complete annulment of the elections for the 51st National Assembly, submitted by We Continue the Change-Democratic Bulgaria (PP-DB), Vazrazhdane, There is Such a People (ITN),..

published on 11/26/24 5:46 PM

New parking lots with charging stations for electric vehicles open at Sofia Airport

New parking lots with over 1,000 parking spaces, including special areas for people with limited mobility and electric vehicle charging stations, were opened at Sofia Airport today.  The parking lots are divided into short-term and..

published on 11/26/24 3:30 PM

The European Public Prosecutor's Office has charged a Bulgarian citizen with attempted fraud with Chinese agricultural machinery

A Bulgarian businessman has been charged by the European Public Prosecutor's Office with attempted fraud with Chinese agricultural machinery. He tried to present the machinery as Bulgarian-made. A lawsuit has been filed in the Sofia..

published on 11/26/24 2:13 PM