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

Temperatures are expected to rise on Tuesday

On Tuesday , the minimum temperatures in Bulgaria will be between minus 5 and 0°C, in the northeast - as low as minus 11°C. In Sofia, it will be around minus 3°C.  In the morning, fog is possible near the rivers. During the day, there will be light..

published on 2/24/25 7:25 PM

Bulgaria meets the final criterion for eurozone membership and will request a convergence report

According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka Petkova announced at the beginning of an extraordinary meeting of the Council of Ministers. She..

published on 2/24/25 5:00 PM

Rosen Zhelyazkov: Ukraine must be given guarantees for a lasting and just peace

Prime Minister Rosen Zhelyazkov reaffirmed Bulgaria's support for the independence, sovereignty and territorial integrity of Ukraine. He participated in the summit initiated by Ukrainian President Volodymyr Zelenskiy to mark the third anniversary of..

published on 2/24/25 4:30 PM