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

Provadiya-Solnitsata prehistoric complex nominated for European Heritage Label

The prehistoric complex "Provadiya-Solnitsata" - the oldest salt production and urban centre in Europe (5600 - 4350 BC) - is among the sites nominated for the European Heritage Label 2025. This year, the European Commission received a total of 21..

published on 3/14/25 5:15 PM

EnduroSat CEO Raycho Raychev (centre), Bulgarian Ambassador to the US Georgi Panayotov (right) and a representative of the US House Committee on Science, Space and Technology.

Bulgarian ambassador and EnduroSat CEO meet U.S. science, space, and technology experts

Bulgarian Ambassador to the United States Georgi Panayotov and Raycho Raychev, founder and CEO of the Bulgarian company EnduroSat , met with experts from the US House of Representatives Committee on Science, Space and Technology. This was announced..

published on 3/14/25 4:45 PM

Trade unions: Additional budget needed for public sector salaries

An additional €100 million should be urgently earmarked for public sector pay rises, the Confederation of Independent Trade Unions of Bulgaria (CITUB) is demanding ahead of the second reading of the 2025 budget in the National Assembly next week. In..

published on 3/14/25 4:36 PM