State-Owned "Mini Maritsa-Istok" Faces Mounting Losses Amid Declining Coal Sales
The losses of the state-owned company "Mini Maritsa-Istok" are escalating at an alarming rate due to decreased operations and a decline in coal sales
Number of Bulgarian Companies Declared Bankrupt is Growing
Business | August 27, 2020, Thursday // 15:20
- Tweet
Send to Kindle
pixabay.com
According to the registry of the Registry Agency, in June-July 2020 the number of companies declared bankrupt has increased. This is stated in a study by the Bulgarian Chamber of Commerce on the impact of Covid-19 on the country's economy.
If in June and July 2019, 42 and 53 were declared bankrupt, respectively, then in the same months of 2020 they are 62 and 70.
At the end of June compared to the same month of 2019, the number of employed persons has decreased by 111.5 thousand, or by 4.7%.
The largest decrease was observed in the economic activities Hotels and restaurants - 48.8 thousand, Manufacturing - 31.0 thousand, and Trade; repair of motor vehicles and motorcycles - 12.8 thousand.
A trend of increasing the number of employed persons has been seen only in the sectors - Creation and Dissemination of Information and creative products and Telecommunications - by 6,000 as well as Healthcare and social care - by 5,000./BNR
Related Articles:
Bulgarian Firm Linked to Explosive Pagers Sold to Hezbollah (UPDATED)
A Bulgarian company has been linked to the sale of pagers that were used by Hezbollah and later exploded in Lebanon
World | September 19, 2024, Thursday // 09:03
M3 Communications Group, Inc. Just Announced as Company of the Year in Bulgaria for 2024
The prestigious award is in the PR and Communications category and is the agency's 15th accolade in 2024
Business | June 12, 2024, Wednesday // 10:01
Petkov: Bulgaria going Banrkupt was Fake News - This happens before every Election
This whole crisis, that the state is bankrupt and that the leva-euro exchange rate is at risk, was really a piece of fake news, to which the BNB immediately reacted, and the next day the finance minister retracted her words
About 80% of Twitter Employees have left since Musk took over
About 80% of the employees of the American company Twitter, which owns the social network of the same name, have been fired or left of their own accord after the company was acquired by the entrepreneur Elon Musk
Business | January 21, 2023, Saturday // 10:05
Police Operation against Cryptocurrency Company NEXO in Bulgaria’s Capital (UPDATED)
An international operation against a large-scale scheme for financial crimes, money laundering and violations of international sanctions against Russia is taking place in Sofia at the moment
Crime | January 12, 2023, Thursday // 10:58
Borissov Responds to Political Tensions Surrounding Bulgaria's Eurozone Plans
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
No Obstacles to Bulgaria Joining the Eurozone in 2026
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
Bulgaria’s First Municipalities Introduce Dual Currency Pricing Ahead of Eurozone Entry
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
EIB Survey Highlights Bulgarian Companies’ Growing Efforts in Climate Mitigation and Gender Equality
According to a recent survey by the European Investment Bank Group (EIB), nearly 80% of Bulgarian companies have taken steps to reduce their greenhouse gas emissions
Business | February 12, 2025, Wednesday // 13:27
Zelensky: Bulgarian Reactors Will Strengthen Ukraine’s Energy Sector Amid War
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Is Bulgaria's Budget Just an Excuse for Failed Eurozone Bid?
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
