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Business Support Centre for Small and Medium Enterprises

Bulgarian Business Received over BGN 400 Million as Pandemic Support from Economy Ministry

The Bulgarian government launched a campaign aimed at supporting the business in the country in times of the pandemic in collaboration with the Ministry of Economy which has allotted BGN 400m in order to mitigate the hard consequences of the COVID-19 crisis. This transpired from the report of the Economy Minister Lachezar Borisov presented at the today’s cabinet sitting. Before PM Boyko Borissov
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Bulgarian Hotels and Restaurants Ask for State Aid Even if Shut Down Voluntarily

pixabay.com This transpired from the stand of the Bulgarian Hotel and Restaurant Association (BHRA). According to BHRA, the measures proposed for helping the COVID-hit businesses are not sufficient. They made calculations which show that given the aid amounting to BGN 24 a day (€ 12) the workers on unpaid leave will receive BGN 480 (€ 240) a month for 20 workdays. BHRA notes that this is well
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Boyko Takov: How to Survive in Time of Pandemic, Useful Tips for Bulgarian companies from BSMEPA

  BSMEPA Novinite.bg got in touch with Mr. Boyko Takov, Executive Director of the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), to discuss the complicated situation of companies in Bulgaria and their chances to cope with it and survive Below are the useful tips the Executive Director of BSMEPA gave in an exclusive interview for Novinite.bg. - Mr. Takov, you meet
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Bulgaria’s Economy Made Up for Almost Half of the Losses It Suffered This Spring

  pixabay.com The “unlucky day” of Friday 13th brought good news for the Bulgarian economy – in the third trimester of 2020 the economy managed to make up for almost half of the losses it suffered during the second trimester collapse caused by Covid-19 emergency situation, shows the express assessment of the GDP published by the National Statistical Institute. The GDP growth
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Bulgaria's Exports and Imports from Non-EU Contries Decreased by 12,1 Percent

  pixabay.comBulgaria's exports to and imports from non-European Union (EU) countries in the first nine months of 2020 decreased by 11.2 percent and 12.1 percent year-on-year respectively, official statistics revealed on Thursday. From January to September, the country's exports to non-EU countries amounted to 13.64 billion BGN (8.21 billion U.S. dollars), according to preliminary data
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Economy Minister: At This Stage, a Full Lockdown is Not Expected in Bulgaria

"At this stage, a full lockdown is not expected. We approach in the most rational way, looking for the balance between ensuring the health and social system on the one hand, on the other - the economy to work. This is a rather complicated balance and we are striving to achieve this rational policy, "said Economy Minister Lachezar Borisov on Hello Bulgaria. He recalled that even
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Parliament and EU ministers Agree on New EU Export Rules

  A new set of rules for exporting dual use products and technologies, including cyber-surveillance tools, were agreed on Monday. The reviewed rules, agreed by Parliament and Council negotiators, govern the export of so-called dual use goods, software and technology - for example, high-performance computers, drones and certain chemicals - with civilian applications that might
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Three Bulgarian Software Companies in Deloitte’s Technology Fast 500 Ranking

  deloitte Three Bulgarian software companies have entered the Deloitte Technology Fast 500 ranking for the fastest growing companies in Europe, the Middle East, and Africa. These are Botron – with 503% revenue growth, Accedia – with 280% growth, and ScaleFocus – 185% revenue growth. All three are Sofia-based companies, and the American Appfire acquired the highest-ranked –
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German Festo to Build Third Plant in Sofia with an Investment of €40 Million

  The German Festo to invest 40 million euros in acquiring, designing, and building a new plant near Sofia. This will be the company’s third production facility in Bulgaria, as it has plants in Smolyan and Druzhba district in Sofia. The plot near Sofia has an area of ​​about 20 thousand square meters for production, logistics, office space, and technical premises.
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Bulgaria Starts Inspections at Winter Tourism Complexes

  Bulgaria’s Deputy Premier and Minister of Tourism Mariana Nikolova is expected to launch inspections at winter tourism complexes to check whether they are ready for the forthcoming tourist season. Minister Nikolova is to check whether these facilities have created the necessary conditions for compliance with the anti-epidemic measures approved by this country’s health authorities
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