Bulgaria Q1 2022 Budget surplus at 298 000 000 BGN
Bulgaria’s Finance Ministry has recorded a consolidated Budget surplus of 298 million leva in the first quarter of the year, or 0.2 per cent of this year’s estimated gross domestic product, exceeding the ministry’s forecast of 231 million leva issued... Read More →
Business climate in Bulgaria improved in January 2022
A regular monthly poll by the National Statistical Institute (NSI) has found that managers see the business climate in Bulgaria as having improved, the second consecutive month of perceived improvement, following several months in a row of decline in 2021.... Read More →
Bulgarian economy grew by 0.9% in Q3 2021
Bulgaria’s economy grew by 0.9 per cent in the third quarter of 2021, the National Statistical Institute (NSI) said in a flash estimate on November 16. In real terms, gross domestic product (GDP) in Bulgaria in April-June was 35.58 billion... Read More →
Why to choose Bulgaria for your company?
The real question is: Why not Bulgaria? Bulgaria, a member of the European Union, is an economic attraction for many businesspersons around the globe and many consider it the “Silicon Valley of Europe”. The qualified and affordable workforce Bulgaria is,... Read More →
Bulgaria reports 2.5% economic growth in Q1 2021
Bulgaria’s economy grew by 2.5 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 8. The figure was in line with NSI’s flash estimate released last month.... Read More →
How to develop a profitable business
Entrepreneurs possess a special kind of grit. They reach higher, do more and expect rewards for their efforts. But one colossal blunder many budding entrepreneurs make is initially putting too much emphasis on the profit portion of business. This narrow focus lacks several... Read More →
How to Keep Business Going and Growing During an Economic Downturn
During uncertain economic times, and especially during an economic downturn, most companies focus their innovation efforts on cost-cutting, process efficiencies, and operations. And it makes sense; growth goes out the window when companies just want to stay afloat. Here are four ways to... Read More →
The 9 Critical Stages of Building a Business
1. You can’t sustain a business without positive cash flow. Even though profit may not be your driving motivation, you can’t sustain any business without generating cash. In most businesses, this means selling something, and proving that your product or service... Read More →