Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), has rejected allegations of an upward trend in corporate bankruptcies, stressing that H1, 2015 data testifies to the opposite.
Bulgaria’s Registry Agency announced on July 16 that the number of bankruptcies had gone up by 34% on the year in H1, 2015 to a total of 341 companies.
In a media statement published on July 23, Velev opposed the claims of the Bulgarian Registry Agency, adding that the first quarter of the year had brought GDP growth of 2%, higher than the forecast for the period, and that there had been a …read more
Source: Novinite
