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

BIA: The pandemic continues to worsen Bulgaria's business climate

Photo: Archive

A study of the Bulgarian Industrial Association (BIA) for the country's business climate shows that in 2021 the negative trend of 2020 trigged by the Covid crisis continues. Only 9% of the respondents see an improvement in the business environment, and 19% of the participants in the survey report an improvement in the condition of the companies.

The main obstacles for companies are the lack of working capital - 79%, bureaucracy and regulatory burden - 73%, and frequently changing regulations - 57%. Another remaining problem is the lack of skilled manpower for 67% of companies. The gray economy, illegal imports and unfair competition are problems for 44% of businesses.
60% of companies report a decrease in sales.



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 Belogradchik Rocks

Heat and sunshine dominate the forecast for Midsummer Day

It will be a fine, almost quiet night. Tomorrow will be sunny and hot, particularly in the lowlands. A light wind will blow in from the west-northwest. Temperatures will reach highs of between 32°C and 37°C, with Sofia reaching around 32°C. It will..

published on 6/23/25 7:05 PM
Atanas Zapryanov

Bulgaria to increase defense spending up to 5% of GDP

A Bulgarian delegation, led by Prime Minister Rosen Zhelyazkov, will participate in the NATO summit focusing on defense and deterrence plans, which starts tomorrow in The Hague. Defense Minister Atanas Zapryanov is also part of the delegation.  On..

published on 6/23/25 5:53 PM

President says Bulgaria must not to be drawn into escalating conflicts

We must be very careful not to get Bulgaria involved in the conflicts that are currently escalating. This is what President Rumen Radev told journalists in the village of Dren, near Radomir, where he participated in the celebration of the 35th..

published on 6/23/25 5:39 PM