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

Gordana Siljanovska-Davkova and Rumen Radev

North Macedonian foreign minister refused meeting with his Bulgarian counterpart in Sofia

The visit of North Macedonian President Gordana Siljanovska-Davkova was on the occasion of a cultural event - the visit of the National Opera and Ballet of North Macedonia to Sofia, and did not have the character of a state, official..

published on 9/18/24 9:50 AM

300 military personnel take part in Festival of Military Brass Bands in Gorna Oryahovitsa

Gorna Oryahovitsa will host a review of amateur creativity and a Festival of military brass bands of the Ground Forces. From September 18 to 20 th , military formations and performers from different regions of Bulgaria will meet at..

published on 9/18/24 8:10 AM

Warm but cloudy weather with precipitation in mountainous regions

On Wednesday there will be scattered clouds, which will thicken up in the afternoon. In the Balkan Mountain and the massifs in south-western Bulgaria, light rainfalls can be expected. The lowest temperatures will be between 8° and..

published on 9/17/24 6:45 PM