FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
More than 20% of small and medium-sized enterprises in the country have difficulty reviving their business impacted by the Covid crisis. More than 75 percent have unserviced bank loans and only about 15 percent of businesses have been able to use the opportunities of the crisis for the development of their business, shows a survey of the National Association of Small and Medium-sized Businesses, BNR reported.
Companies engaged in online services, retail, courier deliveries and digitalization are going through the crisis with flying colors, but those in the traditional sectors are suffering the severe consequences of the crisis and do not even have a strategy to reduce the damage, says chair of the association Eleonora Negulova.
"They have difficulty restarting due to a shortage of liquidity. They have infrastructure to produce goods or services, they have people, but they don't have working capital to restart. And in fact, they will face a decision on whether to declare a technical bankruptcy," she said.
Bank loans are also proving to be a problem for a large number of small and medium-sized enterprises.
"Small businesses were actually looking for a way to pay arrears to the Fisc in the first place – to pay taxes, social security, etc. And in fact, this decapitalization reflects the fact that the loans cannot be serviced, and there is already an avalanche-like process, since the restructuring of the loans also requires time and resources", commented Negulova.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022