BULGARIAN ECONOMY

EC approves BGN 30 million grants for Bulgarian coach companies

The European Commission has approved a scheme of Bulgaria in the amount of BGN 30 million (about EUR 15 million) in the form of grants in support of micro, small and medium-sized bus and passenger transport companies affected by the Covid-19 pandemic.

The purpose of the measure is to alleviate the sudden lack of liquidity they face in their operations given the scale of the pandemic.

The funds will partially cover the cost of transporting passengers by bus retrospectively from 1 February to 6 months after the entry into force of the grant agreement concluded between the beneficiary and the Ministry of Transport, Information Technology and Communications.

The funds cannot exceed EUR 800 thousand per company and will be allocated no later than June 30 next year.

NEWS FROM BCCI

The President of BCCI announces the upcoming presentation of the Annual Awards for 2020

The award ceremony will be in an electronic format Още

Meeting with the Ambassador of Argentina H.E. Alfredo Atanasoff

Discussion of an upcoming virtual business event and development of joint projects Още

BCCI took over the presidency of the Association of Balkan Chambers for 2021

The main priorities: synergy for overcoming the crisis, supporting the development of clusters, digitalization of the chambers of commerce in service of companies Още

Online business meeting of Bulgarian and Serbian companies

The main message of the meeting: intensifying the partnership in order for Serbia and Bulgaria to emerge from the crisis better prepared and with common goals Още

Information event under the STRONG project enjoyed great interest

Presentation of good practices in voluntary dispute resolution Още

UPCOMING EVENTS

Common Maritime Agenda for the Black Sea

2020 Regional Stakeholder Conference - 10 December 2020, online Още

BULGARIAN ECONOMY

The Minister of Economy signed three investment certificates under the Investment Promotion Act

Worth a total of BGN 8.3 million, which will create nearly 300 new jobs Още

The National Statistical Institute reports worsening business climate in November

The deterioration was most pronounced in construction and retail with some stabilization in industry and services Още

EC approves BGN 30 million grants for Bulgarian coach companies

Support of micro, small and medium-sized bus and passenger transport companies affected by the Covid-19 pandemic Още

FINANCE

Rating agency S&P affirmed Bulgaria ratings at “BBB”; outlook stable

The stable outlook reflects the agency’s expectation that Bulgaria's economy will rebound quickly following the pandemic Още

MoF expects a deficit of BGN 183.2 million under the Consolidated Fiscal Programme as of end-November 2020

Още

VAT for home food deliveries is 9% from 1 December

This is yet another tax relief for the restaurant industry Още