It is quite possible that mass bankruptcies in our sector begin, Svetoslav Stanulov, President of Bulgarian Airlines Association warned in an interview for BNR. The state subsidizes 20-30% of the reduced revenues of the airlines, but after spending all financial reserves the branch needs state financial grants to survive, Mr. Stanulov contends.
Revenues from scheduled flights fell by about 65%. 90% decline was registered in the charter flight segment. There have been no charter flights in the last five months, and companies are not able to cover their fixed costs. The Bulgarian aviation sector employs about 4,500 people, but there have been few layoffs, because the staff employed at this sector is highly qualified, Svetoslav Stanulov explained.
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..
On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB)..
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