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

Rain with thunder again, but sunny at the Black Sea coast

Clear and almost calm weather will prevail overnight. Friday will be mostly sunny. Visibility will be reduced in the morning hours in places in the valleys. The cloudiness will start to increase from the west and in the afternoon in..

published on 9/12/24 6:55 PM
North Macedonia’s President Gordana Siljanovska-Davkova

North Macedonia’s President Gordana Siljanovska-Davkova to visit Sofia

North Macedonia’s President Gordana Siljanovska-Davkova will visit Bulgaria on September 13, BTA reported, citing information from Siljanovska's office in Skopje. During her visit to the Bulgarian capital, Gordana Siljanovska-Davkova will meet with..

published on 9/12/24 6:09 PM
Dogan and Peevski

Court does not allow Ahmed Dogan’s DPS faction to participate in the elections

The Supreme Administrative Court rejected the appeal of the coalition around Ahmed Dogan - "Democracy, Rights and Freedoms - DPS" against the CEC's refusal to register it for participation in the elections on October 27. The..

published on 9/12/24 4:41 PM