Podcast in English
Text size
Bulgarian National Radio © 2024 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

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM
Borislav Gutsanov

BSP and ITN want to give the full rights for forming caretaker cabinet back to the president

BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..

published on 11/7/24 4:01 PM