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Home»Startups»Bulgaria’s proliferation of new hotels, restaurants and tech startups – Novinite.com
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Bulgaria’s proliferation of new hotels, restaurants and tech startups – Novinite.com

prosperplanetpulse.comBy prosperplanetpulse.comApril 20, 2024No Comments2 Mins Read0 Views
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of economical The country’s landscape is undergoing dynamic change. new HotelRestaurant and technology startups are emerging at an unprecedented rate, according to data from the National Statistical Institute (NSI).

A notable trend was a sharp increase in registrations in the first quarter of this year. new Companies in the hotel and restaurant sector. According to the NSI report, there was a staggering 31.9% increase compared to the same period last year to 124 cases. new Companies entering the market. At the same time, the number of bankruptcies in the industry decreased noticeably, with only 14 companies facing such challenges, marking a notable decrease of 46.2% year-on-year.

These statistics paint a promising picture: recovery For the hotel and restaurant industry after the coronavirus pandemic. The sector’s resilience is evident as companies recognize good prospects for growth and development. Additionally, Parliament’s decision to maintain his 9% VAT relief rate for restaurateurs will act as an additional incentive and foster optimism and investment in the sector.

Another area experiencing significant growth is information technology. NSI data revealed that the number of registrations of companies involved in the creation and dissemination of information and creative products and communication increased by 27.2%. Impressively, the number of bankruptcies in this sector decreased by 45.5% year-on-year, indicating a strong and sustainable growth trajectory.

Big tech companies may be scaling back, but the proliferation of startups is a testament to the industry’s resilience and potential. Despite fluctuations in the number of job openings for programmers, the steady increase in startups reflects continued opportunity and innovation in this field.

Moreover, the trade sector has seen significant growth, particularly in wholesale and retail trade, as evidenced by the registration of 10,812 companies in the first quarter of this year. Although this sector has also seen a proportionate increase in bankruptcies, it remains a vibrant economic hub. new business and economical Activities.

as a country economical The landscape continues to evolve, new Companies across multiple sectors show promising prospects recovery and post-pandemic growth.





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