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Businesses in Bulgaria demand extension of government support

published on 4/16/21 10:45 AM

Photo: Library

54% of the members of the Bulgarian Industrial Assocation expect difficulties in repaying their bank debts after the end of the credit moratorium, according to a survey conducted between April 13-15, 2021.

79% report deteriorating economic indicators of their businesses. 50.6% predict that they will be able to recover economically by the end of 2022. Only 18.3% expect a recovery by the end of 2021. Above 25% of businesses hope for this after 2022.

74% of respondents rely on employment support measures and 68% need liquidity support.

Most respondents expect an extension of existing economic support measures and suggest changing them so that a wider range of companies can benefit from them, BGNES reports.

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Radio Bulgaria Economy Up-to-date information BIA Bulgarian Industrial Association business economic support