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.
Bulgaria's The Ministry of Social Affairs has provided 14 million leva for equipment and supplies to deal with natural disasters. The funds have been allocated under a project of the Human Resources Development Program (HRDP), Social Affairs Minister..
Within two months, a hospital heliport will be built in the town Haskovo, southeastern Bulgaria, BTA reported. The landing pad will be on an area of 900 square meters at the Haskovo Hospital. The Haskovo Hospital is among the 20 state..
The Europe Motorway connecting the Bulgaria's capital Sofia and the Kalotina border crossing with Serbia will be put into operation by mid-September, BTA reported. The total length of the route, which is an important part of the..
"There is no control body and it is not clear who checks the sports attractions, as well as who is responsible for their use". This was..
More and more young people in Bulgaria are succumbing to the easy access to quick loans, driven by the lack of financial experience, the desire for..
The Food Safety Agency of Azerbaijan has imposed temporary restrictions on the import of certain goods from some regions of Bulgaria and Croatia due to..
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