A survey by the Bulgarian Industrial Association (BIA) among 580 enterprises in the sphere of services and trade shows that more than 80% of them say that the 60/40 anti-crisis measure (sharing the cost of staff salaries between the state and employers) is inefficient, Dimiter Brankov, BIA Vice President said for the Bulgarian National Radio. 70% of the respondents have cut staff, 15% have reduced salaries. More than 63% of enterprises are expecting to recover within the space of one year.
In an interview for bTV economist Rumen Galabinov stated that to get back on their feet, businesses need compensatory measures such as gratuitous and unconditional aid. Gratuitous – because many of the proposals by the state are for credits, and unconditional – because not all people can qualify for the aid offered.
"Currently, Bulgaria is one of the few in the EU that unconditionally meets all nominal criteria for convergence to the eurozone, including the price stability criterion, with which we have had problems in recent years." This was..
GERB leader Boyko Borissov denied that there was pressure from the leader of DPS-New Beginning, sanctioned under the global Magnitsky Act, Delyan Peevski, to be in power. He expressed confidence in the future of the cabinet due to..
On March 27, traffic on the Danube Bridge near Ruse on the border with Romania will be suspended because of the ongoing major repairs. The passage of passenger cars will be limited from 9:00 a.m. to 9:00 p.m., and that of heavy..
Workers in state psychiatric hospitals have gone on strike demanding higher salaries and better working conditions, including adequate workplace..
North Macedonia’s Minister of Health Arben Taravari and his Bulgarian counterpart Silvi Kirilov, together with the Foreign Ministers of Bulgaria and..
Bulgaria ranks third among EU countries in terms of minimum wage growth in the period 2015-2025. According to Eurostat, during this..
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