Tsvetan Simeonov: Bulgarian Business Freezes Investment Projects

Business | August 5, 2020, Wednesday // 13:52| Views: | Comments: 0
Bulgaria: Tsvetan Simeonov: Bulgarian Business Freezes Investment Projects BCCI

“Businesses are freezing investment projects,” said Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry for the BNR

“Productions have already shrunk, and there will be layoffs. The 60/40 measure did not have the best effect. It turned out that those who are working receive 100% of their salaries while those who are not working – they too receive 100% of their salaries. In the conditions of political instability, businesses are also worried about the implementation of the measures of support in the economy. What businesses fear are the numerous reports of corruption practices in Bulgaria. The companies which have already made investments have overcome this corruption barrier, but for others it is a source of stress and concern,” Tsvetan Simeonov said.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: business, Bulgaria
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
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