Bulgaria's Registry Agency: Record Number of Bankruptcies in 2013

Some 820 Bulgarian companies went bankrupt in 2013, according Bulgaria's Registry Agency.

This is a record number, compared to 2008, when 250 companies closed for business.

According to the institution, 69 companies went bankrupt since the beginning of 2014.

A large number of businesses are also up for sale – most often hotels and restaurants opened before the start of the downturn in 2008, whose owners are experiencing problems with repaying bank credits.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!