БСЦ МСП-Русе

Business Support Centre for Small and Medium Enterprises

98.6% of Chinese Production has Recovered

www.pixabay.com Industrial enterprises in China have managed to resume production to an average of 98.6%, said the Industry Deputy Secretary. The utilization of production capacities in the industrial enterprises in the country has already reached 98.6%, and 89.9% of the employees have returned to their jobs, he said. About 76% of the employed have returned to small and medium-sized enterprises,
Read more ...

Germany Shows Interest to Purchase Protective Clothing from Bulgaria

pixabay.com The COVID-19 pandemic is an unprecedented challenge. Overcoming it in the EU, which is highly integrated, is impossible without coordinating efforts, Prime Minister Boyko Borissov said in a telephone conversation with German Chancellor Angela Merkel. The two discussed measures to combat COVID-19. Germany is interested in the protective clothing and equipment manufactured in
Read more ...

Bulgaria Suspends Entry and Transit of Lorries Travelling to Turkey

www.pixabay.com By order of Minister of Health, Kiril Ananiev, the entry into and transit through the territory of the Republic of Bulgaria of heavy goods vehicles travelling to the Republic of Turkey and arriving from the following countries is temporarily suspended as of March 25: The Federal Republic of Germany, the Republic of Angola, the Republic of Austria, Azerbaijan, Bangladesh,
Read more ...

IMF Managing Director Kristalina Georgieva: The Recession will be at Least as Bad as in 2008

novinite.bg International Monetary Fund Managing Director Kristalina Georgieva said on Monday that the IMF expects the global economic recession in 2020 to be "at least as bad as during the 2008-2009 global financial crisis or worse" . On the other hand, the IMF expects an economic recovery to follow in 2021, she said, adding that the organization welcomes "extraordinary fiscal actions"
Read more ...

Total Hourly Labour Cost Rose by 11.9% in Q4 2019 YoY

www.pixabay.com Preliminary data of the National Statistical Institute (NSI) for the fourth quarter of 2019 indicate that the total hourly labour cost rose by 11.9% compared to the fourth quarter of 2018. The total hourly labour cost grew by 10.5% in industry, by 11.5% in services, and by 14.5% in construction, the National Statistical Institute said in a press release.The breakdown by
Read more ...

NSI: There is a Slight Revision of GDP

www.pixabay.com In the fourth quarter of 2019 GDP1 at current prices amounted to 32 682 million BGN. In Euro terms GDP reaches 16 710 million EUR in total and 2 391 EUR per person. According to the seasonally adjusted figures, the GDP growth rate in the fourth quarter of 2019 is 3.1% compared to the same quarter of the previous year and 0.8% compared to the third quarter of 2019. In 2019 GDP
Read more ...

Oil Prices in the World have Fallen by over 30%

www.pipxabay.com Oil prices on Monday start with a collapse of 35 - 40% after the OPEC + meeting, which ended last Friday with Russia's exit from the oil restriction deal, according to trade data. The signals came on Friday, with more hopes of finding a way out then. The May futures for the ICE Futures Brent crude are trading at $ 33.29 a barrel. The decline is in the order of 35.98%.
Read more ...

BSMEPA and BATOK will Organize an Exhibition for the Textile Industry

BSMEPA The Executive Agency for Promotion of Small and Medium-Sized Enterprises will work for the development of the textile industry in the country through active communication with the enterprises in the sector and the organization of business events. This was made clear during a meeting between BSMEPA Executive Director Dr. Boyko Takov and the Executive Director of the Bulgarian Textile,
Read more ...

NSI: The Total Business Climate Indicator Decreased by 0.8 Points in February 2020

www.pixabay.com In February 2020, the total business climate indicator decreases by 0.8 percentage points compared to the previous month as a result of the more unfavourable business climate in retail trade and service sector, the National Statistical Institute (NSI) said in a press release.The composite indicator ‘business climate in industry’ preserves its January level. The industrial
Read more ...

Minister Karanikolov: Greece is a Priority Economic Partner

www.pixabay.com The Minister of Economy Emil Karanikolov and the Greek Minister of Development and Investment Adonis Georgiadis discussed the possibilities for enhancing the economic cooperation between Bulgaria and Greece, the press centre of the Council of Ministers announced. The two spoke at the Fourth meeting of the High-Level Co-operation Council between the governments of
Read more ...