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

Tsvetan Simeonov: Businesses without prospects should reinvent themselves instead of being supported

Photo: pixabay

“The numerous conditions  businesses have to meet to avail themselves of the government support measures during the pandemic and the cumbersome administration is what has hindered a great many firms from benefiting from them,” Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry stated for the BNR’s Horizont channel. “Our administration is as yet unable to introduce e-government and everything is going terribly sluggishly and painfully.”

In Tsvetan Simeonov’s words the attention of the state has so far been on keeping the existing businesses afloat, but that is a wrong message to convey. It would be better for those that do not have good prospects in the new conditions to reinvent themselves in a new sector or a new type of activity, Tsvetan Simeonov added.




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

The Bulgarian Cultural Institute in Paris "tells" Bulgaria through cinema

"If Bulgaria Were Told to Me" is the title of a new initiative launched by the Bulgarian Cultural Institute (BCI) in the French capital, in partnership with La Cinémathèque du documentaire à la Bpi at the Centre Georges Pompidou. Focusing on..

published on 3/31/25 5:23 PM

Poll: 40% of Bulgarians would donate organs after their death

Organ donation is approved by 62% of Bulgarians, 18% disapprove and 20% cannot decide. These are the results of a nationally representative survey conducted by Trend Agency on behalf of the Executive Agency for Medical Supervision between 16 and 22..

published on 3/31/25 5:12 PM

Bulgaria's second-largest coal-fired power plant shuts down, workers laid off

Today is the last day of operation of Bulgaria's second largest coal-fired power plant, ContourGlobal Maritsa East 3 TPP. From tomorrow, 130 of the company's 160 employees will be laid off.  In recent weeks, the state, which has a 27% stake in the..

published on 3/31/25 3:07 PM