Text size

Covid-19 hampers development of 20% of small businesses in Bulgaria

published on 1/6/21 5:07 PM

Photo: Pixabay

More than 20% of small and medium-sized businesses in Bulgaria are finding it difficult to resume production in the Covid crisis. They have infrastructure and staff, but no working capital. More than 75% of small and medium-sized enterprises have non-performing bank loans and only about 15% of them have found new opportunities for development in the crisis. The data are from a study by the National Association of Small and Medium-sized Businesses.

Companies related to online services, retail trade, home deliveries and digitalization are successfully going through the pandemic, but those in the traditional sectors are suffering severe consequences and do not even have a strategy on how to limit their losses, the chairman of the association Eleonora Negulova told BNR.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Up-to-date information businesses Covid crisis small and medium-sized enterprises

More from category

Sofia hosts the 4th Forum of Prosecutors General of the Balkan Countries

Multilateral cooperation enables the achievement of common decisions on an equal footing among participants, said Prime Minister Rosen Zhelyazkov at the opening of the 4th Forum of Prosecutors General of the Balkan Countries, held in Sofia. He added..

published on 10/6/25 12:23 PM

Lyubov Kostova receives the British Empire Medal for contributions to science and culture

''I apply the best British practices for the development of science communication in Bulgaria'', said Lyubov Kostova, Member of Board Trustees of Beautiful Science Foundation, in an interview with BTA. She was awarded the British Empire Medal for her..

published on 10/6/25 10:40 AM

BG-ALERT has been activated due to expected torrential rainfall along the Southern Black Sea coast

Emergency measures have been introduced in the Elenite holiday village due to expected rainfall on Monday. While cleanup continues following the devastating floods on October 2, which claimed the lives of four people, the Regional Inspectorate of..

published on 10/6/25 9:24 AM