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Micro and small business bankruptcies will reach 21 percent by the end of the year. This is stated by the Consumer Protection Association.
According to their data, in Bulgaria about 90 percent of the business is made up of micro and small businesses. According to them, they have suffered the main blow from the coronavirus pandemic and continue to experience difficulties. “The resumption of the activities of these businesses from now on will be increasingly noticeable, because after the resumption of activities at the end of the quarantine, most of them barely reached 50 percent of the turnover before the pandemic. streets, “says the organization.
The Consumer Protection Association hopes that during the fall session of the National Assembly the deputies will be responsible and adopt in second reading the Voluntary Implementation Law, which currently has the effect of an anti-crisis measure, the organization said. “Voluntary application is an opportunity to address and limit collection companies that charge interest, non-consulting fees and other costs. We will again share our belief that they have the least interest in introducing voluntary application,” they said. of the association.
According to them, the government’s anti-crisis measures are practically available mainly for medium and large companies. This implies an increase in intercompany indebtedness to continue growing and increase the arrears in payments, which until recently were delayed by an average of two months. Entire sectors globally are at risk of a liquidity crisis such as Transportation, Automotive, Textiles, Tourism, Construction and Metals, the association said.
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