Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Businesses are freezing investment projects: Chamber of Commerce and Industry President

Tsvetan Simeonov
Photo: BGNES

“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.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Stanislav Balabanov

Bulgarian Parliament to issue declaration against sending Bulgarian soldiers to Ukraine

Over 70% of Bulgarians are categorically against sending a military contingent to Ukraine. This was stated by Dimitar Ganev from the sociological agency “Trend” in an interview for the Bulgarian National Radio. President Radev opposes sending..

published on 2/20/25 1:14 PM

No one has requested Bulgaria's participation in a peacekeeping operation in Ukraine

Nowhere and in no way has anyone discussed the issue of sending troops to Ukraine to participate in hostilities between Russia and Ukraine, Bulgaria’s Minister of Foreign Affairs Georg Georgiev told MPs in parliament. Foreign Minister Georgiev..

published on 2/20/25 11:34 AM
Photo: Consulate General of Bulgaria in Los Angeles

Beverly Hills declares March 3 as Bulgarian–American Friendship Day

On February 19th, the day when Bulgarians worldwide commemorate 152 years since the passing of the Apostle of Freedom, Vasil Levski, Bulgaria’s National Liberation Day, March 3rd, received special recognition in Beverly Hills.  Mayor Lester Friedman..

published on 2/20/25 10:09 AM