Velev

Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts.

Bulgarian employers, represented by major organizations including the Confederation of Employers (KRIB), the Chamber of Commerce (BCC), the Chamber of Commerce and Industry (CCI), and the Association of Industrial Capital (AIC), have outlined their business priorities for the year, emphasizing the need for significant reforms in the country.

Vasil Velev, Chairman of the Association of Industrial Capital in Bulgaria, expressed discontent over Bulgaria's limited acceptance into the Schengen area, highlighting the missed economic opportunities estimated at over 1 billion annually.

"Additional measures are needed to limit the damage to the Bulgarian economy from high electricity prices. The price on the free market is already a record - BGN 482 per megawatt hour,"said in"This Morning"Vasil Velev, Chairman of the Board of the Association of Industrial Capital (BAIC).

The sooner the vaccines are available on the commercial market, the better, told Nova TV Vasil Velev of the Association of Industrial Capital in Bulgaria. Our delivery sources do not have to be limited. He reminded that the EC said that Bulgaira can authorize vaccines on a national level. That's what Hungary did with the Russian vaccine.

The Bulgarian business community presented its priorities for 2021. The first national priority for business is the country's admission to the OECD, announced at a press conference Vasil Velev, Chairman of the Association of Industrial Capital in Bulgaria. Our priority remains the Schengen area and our membership in the Euro zone.

BGN 156 million will be redirected for the implementation of the new anti-crisis measure in support of the businesses in Bulgaria closed by the order of the Minister of Health.

The aid will be differentiated, depending on the lost turnover, announced the Minister of Economy Lachezar Borisov.

Тhe crisis in Bulgaria will be more severe than in 2008, according to the BICA President.

The Bulgarian Industrial Association (AICB), the Bulgarian Chamber of Commerce (BIA), the Bulgarian Chamber of Commerce and Industry (BCCI) and the Confederation of Employers and Industrialists in Bulgaria (CRIB) have brought the European Commission (EC) and the Commission for Protection of Competition ( CPC) for violations in the Energy sector.

Trade unions and employers have opposed the proposal of the Bulgarian Socialist Party (BSP) to reduce VAT on flour and flour products, milk, eggs and cheese from 20% to 5%, and of medicines to 9%, Focus News Agency reports.