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.
For two decades Bulgaria has known what it is striving for, Prime Minister Rosen Zhelyazkov said after a meeting with President of the European Council António Costa, who arrived on a three-day visit to Bulgaria. Zhelyazkov pointed..
Bulgarian President Rumen Radev begins his two-day visit to Warsaw at the invitation of his counterpart Andrzej Duda. In the Polish capital, he will participate in the 10th Summit of the “Three Seas” initiative to deepen cooperation in the energy,..
The Bulgarian National Bank is issuing a new silver commemorative coin from the “Bulgarian National Revival” series , the institution announced today. This time the coin is on the theme of “175 years since the birth of Zahari Stoyanov”. The..
Bulgaria’s President Rumen Radev discussed ways to boost trade and investment between Bulgaria and Poland during a meeting with representatives of..
Since the beginning of the year, Bulgaria has also met the price stability criterion for eurozone membership, Minister of Finance..
A month after Bulgaria receives the green light to join the eurozone, all traders are obliged to have their prices in both Bulgarian..
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