Text size

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

published on 12/13/21 2:17 PM

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!

Radio Bulgaria News BIA Bulgarian Industrial Association business climate Covid crisis trade

More from category

Tuesday will be cold, rainy and windy, with snow showers

Overnight it will be mostly clear. Winds will decrease in many areas. Minimum temperatures will be between -5°C and 0°C, reaching -8°C in the highlands and valleys and around -7°C in Sofia. On Tuesday there will be scattered clouds , becoming..

published on 4/7/25 7:05 PM

Ministry of Education wants to make religion classes mandatory

The Ministry of Education and Science will offer religion classes in the mandatory curriculum, focusing on ethical, moral, cultural and historical competencies, Education Minister Krasimir Valchev told the Union of Bulgarian Teachers. "The introduction..

published on 4/7/25 5:55 PM

Divers map the most interesting underwater sites on the southern part of the Bulgarian Black Sea coast

Divers, who are members of the non-profit association "Friends of the Sea - Burgas" described and marked on a map the most interesting and visited underwater sites located on the seabed along the southern part of the Bulgarian Black Sea Coast. The..

published on 4/7/25 5:33 PM