A survey by the Bulgarian Industrial Association (BIA) among 580 enterprises in the sphere of services and trade shows that more than 80% of them say that the 60/40 anti-crisis measure (sharing the cost of staff salaries between the state and employers) is inefficient, Dimiter Brankov, BIA Vice President said for the Bulgarian National Radio. 70% of the respondents have cut staff, 15% have reduced salaries. More than 63% of enterprises are expecting to recover within the space of one year.
In an interview for bTV economist Rumen Galabinov stated that to get back on their feet, businesses need compensatory measures such as gratuitous and unconditional aid. Gratuitous – because many of the proposals by the state are for credits, and unconditional – because not all people can qualify for the aid offered.
On Sunday, the weather will be mostly sunny with occasional increases in cloud cover, but little to no precipitation is expected. There will be a light to moderate northeasterly wind. Maximum temperatures will range between 28°C and 33°C, around 30°C..
The Day of the Unification of the Principality of Bulgaria and Eastern Rumelia was marked in front of the Mausoleum of Prince Alexander I Battenberg, with the participation of a ceremonial military unit from the National Guard, BGNES reported...
The Sofia City Court has received requests to alter the detention measures of Varna Mayor Blagomir Kotsev, former Deputy Mayor of Sofia Nikola Barbutov and businessman Petar Rafailov, the court's press office announced. Blagomir Kotsev was..
During the night, the weather will remain mostly clear with scattered high clouds. After midnight, low clouds or fog are expected to form over the far..
Firefighting teams, workers from the Rila Monastery Nature Park and volunteers joined efforts to extinguish a fire that broke out yesterday afternoon in..
Bulgaria will begin checks after Oct. 1 to ensure all government IT systems are ready to operate with the euro , e-Government Minister Valentin Mundrov..
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