Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Businesses are freezing investment projects: Chamber of Commerce and Industry President

Tsvetan Simeonov
Photo: BGNES

“Businesses are freezing investment projects,” said Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry for the BNR. 

“Productions have already shrunk, and there will be layoffs. The 60/40 measure did not have the best effect. It turned out that those who are working receive 100% of their salaries while those who are not working – they too receive 100% of their salaries. In the conditions of political instability, businesses are also worried about the implementation of the measures of support in the economy. What businesses fear are the numerous reports of corruption practices in Bulgaria. The companies which have already made investments have overcome this corruption barrier, but for others it is a source of stress and concern,” Tsvetan Simeonov said.



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

Minister of Social Affairs says there will be no people affected negatively by the first budget in euros

Everything possible will be done to ensure that no segments of the population are negatively affected, Minister of Social Affairs Borislav Gutsanov said, speaking about the preparation of the draft budget for 2026. "I don't see..

published on 10/27/25 1:47 PM
Photo: Embassy of Bulgaria in Oslo

Bulgaria’s first honorary consulate in Norway has been officially inaugurated in Stavanger

Bulgaria’s first honorary consulate in Norway was officially inaugurated on October 24, 2025, in the city of Stavanger, the Embassy of Bulgaria in Oslo announced on Facebook. Following the performance of the national anthems of Bulgaria and..

published on 10/27/25 12:08 PM

Young bears from Ukraine have found shelter in Bulgaria

Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in cooperation with Foundation Brigitte Bardot. The seven-year-old Frol and Frosia come from Bear Sanctuary..

published on 10/27/25 11:32 AM