Text size

Covid-19 hampers development of 20% of small businesses in Bulgaria

published on 1/6/21 5:07 PM

Photo: Pixabay

More than 20% of small and medium-sized businesses in Bulgaria are finding it difficult to resume production in the Covid crisis. They have infrastructure and staff, but no working capital. More than 75% of small and medium-sized enterprises have non-performing bank loans and only about 15% of them have found new opportunities for development in the crisis. The data are from a study by the National Association of Small and Medium-sized Businesses.

Companies related to online services, retail trade, home deliveries and digitalization are successfully going through the pandemic, but those in the traditional sectors are suffering severe consequences and do not even have a strategy on how to limit their losses, the chairman of the association Eleonora Negulova told BNR.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Up-to-date information businesses Covid crisis small and medium-sized enterprises

More from category

Balkan developments

Far-right Georgescu banned from Romanian election by final ruling Romanian far-right populist Calin Georgescu will not be allowed to stand in Romania's presidential elections in May. His candidacy has been cancelled by the Central Election Commission...

published on 3/14/25 2:07 PM

Foreign Minister Georgiev: Middle powers should play greater role in international relations

The mission of middle powers is to play an increasingly important role in global affairs and to help shape a new multilateralism based on collective action to address global challenges. This was the key message of Foreign Minister Georg Georgiev at the..

published on 3/14/25 1:38 PM

EU-funded road projects frozen, funding redirected to other projects

EUR 87 million under the operational programme Transport Connectivity, earmarked for the Russe-Veliko Tarnovo motorway is being redirected to the Europe motorway, connecting Sofia with the border with Serbia. Almost EUR 500 million for the..

published on 3/14/25 11:53 AM