Every second active company in Bulgaria does not have even a single employee and only its owner works in it, a survey of the National Statistical Institute shows. Every newly-established company functions for slightly less than one year on average, the survey further shows. In 2016 the number of sole proprietorship companies amounted to nearly 170,000, or 48.8% of all 347,000 companies in Bulgaria. Nearly 127,000 companies, or just over a third of all functioning companies, employ up to four people. Only 7.9% of the companies employ over ten people, NSI informs.
The Non-Food Traders Association (NFTA), which represents major retail chains in Bulgaria, has strongly opposed the proposed amendment to the Euro Introduction Act . According to the association, the changes are being considered at the last minute,..
By the end of the second quarter of 2025, a net monthly income of BGN 2,748 (€1,331) is required to support a household of two adults and a child under the age of 14. A single person in work needs BGN 1,526 (€739) per month. These figures come from the..
After years of preparation and research, actual drilling for oil and natural gas is starting in the Bulgarian part of the Black Sea. OMV Petrom, the largest energy producer in Southeast Europe, and NewMed Energy Balkan, a subsidiary..
Bulgaria and six other EU member states have not signed a joint statement condemning Israel over the situation in Gaza. The statement was signed..
The U.S Department of State has made a determination approving a possible Foreign Military Sale to the Government of Bulgaria of Naval Strike..
On Tuesday, the lowest temperatures will range from 17°C to 24°C, in Sofia 17°C. It will be sunny during the day, with temporary increases in..
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