Bulgaria's Registry Agency: Record Number of Bankruptcies in 2013

Business | February 6, 2014, Thursday // 17:16| Views: | Comments: 1
  • Send to Kindle

Some 820 Bulgarian companies went bankrupt in 2013, according Bulgaria's Registry Agency.

This is a record number, compared to 2008, when 250 companies closed for business.

According to the institution, 69 companies went bankrupt since the beginning of 2014.

A large number of businesses are also up for sale – most often hotels and restaurants opened before the start of the downturn in 2008, whose owners are experiencing problems with repaying bank credits.

Business » Be a reporter: Write and send your article
Tags: Registry Agency, bankrupt, credits, Bulgaria
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (1)
Fr Jack Hackett - 7 Feb 2014 // 18:22:32

I have to say that I am not surprised that restaurants are closing down. With so many of them available, customers do not have to put up with rude staff who help themselves to tips by shortchanging their customers and laugh at them behind their backs when they try to speak Bulgarian. And this is happening in a tourist area where I would have thought that restaurant owners would expect their staff to treat customers with respect, (and assume that many customers would not be Bulgarian) since after all the customers are paying their wages.

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria