“A gradual transition is apparent in the country - from a closing of the economy to a revival and recovery. This is confirmed also by the level of unemployment, which as of 2 June stood at 5.65%, a drop of 37% compared to a year earlier,” Minister of Labour and Social Policy in the caretaker government Galab Donev announced.
The 60/40 measure stimulating employment will be extended by another two months. More than 700 million euro has been spent so far. “We shall continue to draft new measures until the end of the year, so that Bulgarian employers will feel they have solid support from the state making them be competitive with other employers from the EU countries,” Minister Donev said.
“We are giving banks a free hand. SMEs will be able to affect a swift revival and have access to circulating capital,” Minister of Economy in the caretaker cabinet Kiril Petkov stated. With a 1.25 billion euro fund the state will guarantee before commercial banks that the loans for businesses shall be granted without security. “This means that within the space of 10 days you can apply only if you are a genuine business with documents going back 3 years, and get up to 80% of your earnings,” Kiril Petkov. He described the 10-day application deadline as unprecedented. The loans will have a repayment term of up to 7 years. Self-employed persons shall also be able to avail themselves of this credit instrument, BNR’s Marta Mladenova reports.
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..
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