It is quite possible that mass bankruptcies in our sector begin, Svetoslav Stanulov, President of Bulgarian Airlines Association warned in an interview for BNR. The state subsidizes 20-30% of the reduced revenues of the airlines, but after spending all financial reserves the branch needs state financial grants to survive, Mr. Stanulov contends.
Revenues from scheduled flights fell by about 65%. 90% decline was registered in the charter flight segment. There have been no charter flights in the last five months, and companies are not able to cover their fixed costs. The Bulgarian aviation sector employs about 4,500 people, but there have been few layoffs, because the staff employed at this sector is highly qualified, Svetoslav Stanulov explained.
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
The total quarterly income on average per person in a household in the second quarter of 2024 was 1,644.32 EUR and increased by 20.5% compared to the same period in 2023 , NSI data show. At the same time, the average three-month..
Agricultural land in Bulgaria has more than doubled in price, or by 108.7%, for the past 7 years , according to data of the National Statistical Institute. In 2016, the average price per decare of land was 386 EUR and last year it..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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