Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian hotels report 80% decline in their turnovers

Borislav Hadjiev- BHRA

Hotels have reported 80% decline in their turnovers in 2020, Borislav Hadjiev from the Bulgarian Hotel and Restaurant Association said for BTV. In his words, so far the hotel business has not felt real help from the state. The industry has benefited from the "60:40" wage support scheme, but, according to Hadjiev, it is aimed at helping people keep their jobs, not at supporting business. 

"At some point, it may turn out that the business does not exist anymore and this measure will no longer be useful," Hadjiev commented. He explained that the hotels are not formally closed now, but their business has ceased because between 30% and 50% of their income comes from additional services – catering services, conferences, etc., which are currently unavailable.




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

State-owned enterprises to combat corruption through a compliance officer

The National Assembly has introduced a new requirement for state-owned enterprises to implement corruption risk management systems, which will also include appointing an integrity officer. The measure is recommended by the Organisation for Economic..

published on 11/27/25 1:30 PM

Budget 2026 is being frozen, GERB are ready to rule with the old budget

GERB leader Boyko Borissov said that he did not like budget 2026 and it would be frozen. Speaking to the media in parliament, Borissov said that the Joint Governance Council of the formations in the government, the Prime Minister..

published on 11/27/25 11:18 AM
Hristijan Mickoski

North Macedonian Prime Minister mocks attacked Macedonian Bulgarian Vladimir Perev

North Macedonian Prime Minister Hristijan Mickoski accused attacked Macedonian Bulgarian journalist Vladimir Perev of staging the attack and self-harm, BGNES has reported. On November 21, in a shop in the center of Skopje, Perev..

published on 11/27/25 8:55 AM