Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian hotels report 80% decline in their turnovers

Borislav Hadjiev- BHRA

Hotels have reported 80% decline in their turnovers in 2020, Borislav Hadjiev from the Bulgarian Hotel and Restaurant Association said for BTV. In his words, so far the hotel business has not felt real help from the state. The industry has benefited from the "60:40" wage support scheme, but, according to Hadjiev, it is aimed at helping people keep their jobs, not at supporting business. 

"At some point, it may turn out that the business does not exist anymore and this measure will no longer be useful," Hadjiev commented. He explained that the hotels are not formally closed now, but their business has ceased because between 30% and 50% of their income comes from additional services – catering services, conferences, etc., which are currently unavailable.




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

Plovdiv District Prosecutor Vanya Hristeva

Scheme for fictitious deals with fuel exempt from excise duty has been uncovered

A scheme for tax crimes through the use of documents with false content about carrying out fictitious deals with fuel exempt from excise duty has been busted. The avoided payment of excise duty is over 4.8 million EUR. The company, which was..

published on 12/10/24 5:34 PM
We Continue the Change Co-chairman Kiril Petkov

We Continue the Change Co-chairman Kiril Petkov gives up his imminuty

 We Continue the Change Co-chairman Kiril Petkov has submitted to the registry of the 51st National Assembly a waiver of his parliamentary immunity.   ''Today, I signed a waiver of my parliamentary immunity. Neither Peevski, nor the other thugs,..

published on 12/10/24 4:49 PM

Scientists study the genome of Bulgaria

More than 1,000 people have participated in the pilot phase of the project "The Genome of Bulgaria", which aims to collect and analyze a representative sample of genomes from contemporary Bulgarians. With this initiative, Bulgaria will contribute to..

published on 12/10/24 4:03 PM