19.01.2024

WHAT COMPANIES GO BANKRUPT MOST OFTEN IN OUR COUNTRY?

Bulgarians have returned to starting private businesses, according to the latest data from the National Statistical Institute. For the last three months of last year, 10,633 new companies were registered in our country.

Their number is still lower than the period before the covid pandemic, when 11,627 companies were opened in the period October-December 2019, but it is also increasing compared to the last quarter of 2020, when registrations were only 9,438.

At the same time, there is a serious decrease in the number of companies that declared bankruptcy, with 977 for October - December 2023, compared to 1192 for the same period of 2019.

Compared to the same quarter of 2022, the total number of newly registered people decreased by 2.4%, and that of bankrupts - by 14.9%. Compared to the third quarter of 2023, newly registered legal entities increased by 8.2%, and those that declared bankruptcy - by 17.8%.

Most new companies are opened in the trade sector. Of all newly registered companies in the fourth quarter of 2023, the largest number are in sector G "Trade; repair of cars and motorcycles" - 88.4% or 9396 companies.

Expectedly, among those declared bankrupt, again the largest number are in this sector - 76.7% of all or 749.

Many bankruptcies were reported in the "Financial and insurance activities, real estate activities" sector - 95, as well as in industry - 36, and in construction - 30.

The companies dealing with "Information and Communications" survive best on the market, where 92 such companies were registered in the last three months, and only 9 went bankrupt.