Over 42% of the startup companies in Bulgaria say that they face a moderate to high risk of bankruptcy in the coming 3 months.
75% say they are afraid this may happen in the next 6 months. The survey is by the Bulgarian Startup Association and the Bulgarian Small and Medium Enterprises Promotion Agency. 2/3 of the companies expect a drop in revenues of 40% and over. 63% are planning staff cuts. 2/3 of the startups say they need rescue financing of EUR 10,000 –100,000 from banks or from the state. 1/3 are expecting government procurement contracts or tax breaks to save them.
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St. Alexander Nevsky Cathedral. The gathered laity chanted "Worthy" and applauded him. ''Conscious of my..
It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum temperatures between 33°C and 38°C, in Sofia - around 33°C. It will be sunny over the mountains...
"The faithful need the unity of the church, the unity of Orthodoxy; they need leadership for the spiritual rise of the Bulgarian people", President Rumen Radev told journalists before the enthronement of the newly elected Bulgarian Patriarch Daniil in..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder