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

The next 6 months are crucial for the survival of startups

Photo: pixabay

Over 42% of the startup companies in Bulgaria say that they face a moderate to high risk of bankruptcy in the coming 3 months.  

75% say they are afraid this may happen in the next 6 months. The survey is by the Bulgarian Startup Association and the Bulgarian Small and Medium Enterprises Promotion Agency. 2/3 of the companies expect a drop in revenues of 40% and over. 63% are planning staff cuts. 2/3 of the startups say they need rescue financing of EUR 10,000 –100,000 from banks or from the state. 1/3 are expecting government procurement contracts or tax breaks to save them. 



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

Government considers measures to tackle 'traffic jams' at Danube bridge to Romania

Miles-long queues at the Danube Bridge border crossing at Ruse, where trucks have been stuck for up to 30 hours, were discussed by Prime Minister Dimitar Glavchev, Interior Minister Atanas Ilkov, Transport and Communications Minister Krasimira Stoyanova..

published on 8/28/24 3:25 PM
Ekaterina Zaharieva

Bulgaria's EU commissioner could get regional policy portfolio

Caretaker Prime Minister Dimitar Glavchev has started talks with the candidates nominated so far by the parliamentary groups for the post of EU commissioner. This was confirmed to BNR by government sources. We recall that on August 27, in a letter to..

published on 8/28/24 3:13 PM

4th stage of the International Cycling Tour of Bulgaria starts in Primorsko

The fourth, the longest of the five stages of the 71st International Cycling Tour of Bulgaria has begun. The start was given in the town of Primorsko, and the movement will be restricted in stages in the sections from Primorsko to Sliven. The..

published on 8/28/24 12:04 PM