“The recovery and resilience plan must be submitted to the European Commission because its contents can be altered afterwards but the deadline can’t,” Radosvet Radev, President of the Bulgarian Industrial Association (BIA) said in an interview with bTV.
He commented that there is a sense of mild optimism among businesses because of the mass vaccination which will lead to better working conditions. However, the economy is expected to recover no earlier than the end of 2022. According to a BIA survey, 74% of the respondents, representing businesses in the country, say that new measures are needed to assist them. As to the banking moratorium, 54% say that they will find it difficult to service their debts, 79% say they see no improvement in the economic indexes.
“At the moment an entrepreneur’s best defence is to do nothing and postpone investments,” Radosvet Radev said.
Friday will be cloudy, but there will be no rain during the day. Precipitation will start in the evening in eastern Bulgaria and continue during the night over the rest of the country. Minimum temperatures will be between minus 2°C and 3°C, around 0°C in..
Bulgaria is returning to Lebanon the remains of the terrorist who, in 2012, blew himself on a bus carrying Israeli tourists , BGNES reported. The terrorist attack took place at Sarafovo Airport—the deadliest attack on Israelis abroad since 2004. In the..
Bulgaria’s National Assembly approved at first reading three draft amendments to the Family Code. GERB-SDS propose introducing the possibility of shared parenting in cases of divorce, with the court ruling also addressing the issue of the child’s..
The personnel crisis in the tourism sector has reached critical levels, with various data indicating that up to 70% of tourist sites..
Sofia public transport workers will protest on Monday, April 14, demanding increase in wages . The decision to protest was made after meetings between the..
President Rumen Radev will participate in the tenth edition of the Delphi Economic Forum in Greece on April 9 and 10. The event..
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