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

Honey festival in Pleven attracts visitors from near and far

The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..

published on 11/30/24 10:09 AM

Coldеr weather with rain and snow

During the night it will be cloudy with rainfalls in the western and central regions of Bulgaria, as snowfalls are possible in the high western areas. There will be almost no precipitation in the easternmost regions. The morning..

published on 11/29/24 6:55 PM

The average gross annual salary in Bulgaria in 2023 is EUR 12,519

The average gross annual salary in Bulgaria in 2023 is 24,485 BGN (EUR 12,519) which is an increase of 15.3% compared to 2022, according to data from the National Statistical Institute. The highest wages are earned by those working in "Creation and..

published on 11/29/24 5:52 PM