Nearly Half of Bulgarian Companies Have No Employees
Nearly half of active companies in Bulgaria don't have a single employee, shows data of the National Statistics Institute for the period 2008-2012, quoted by BTA.
In 144 330 companies, or 44.6% of the active companies, the only employee is the owner.
As of 2012 40% of the companies have up to four employees and barely 8% have between five and nine employees. Nine percent of the companies have more than 10 employees and in them work over 70% of the workforce in Bulgaria.
In the surveyed five-year period nearly 40% of the newly established companies were in the retail sector, shows the NSI data.
Of the companies set up in 2007, by the end of the five-year period, survived only 8%. Most viable proved to be the companies in the construction sector with 12.5% “survival rate”.
In general, most viable proved to be the companies in the extractive industry, production and distribution of energy, water supply and purification and the financial and insurance sector.
- » Sofia Airport to Become Accessible by Underground from April 2
- » Bulgaria’s Finance Minister Expects New Governor of Bulgarian National Bank by end-April
- » Bulgarian Project Company for Oil Pipeline Burgas-Alexandroupolis Welcomes New CEO
- » Bulgaria’s Gross External Debt at EUR 39 B in end-January
- » Bulgaria Repays EUR 1.5 B Bridge Loan
- » Bulgaria’s Bromak Objects to Judges Due to Rule on Scrapping of KTB’s Licence