27.06.2021

TODAY IS WORLD DAY OF MICRO-, SMALL AND MEDIUM ENTERPRISES

In 2017, the UN General Assembly declared June 27 the World Day of Micro, Small and Medium-sized Enterprises. The aim is to raise public awareness of their contribution to the world economy and overcoming poverty, as well as to encourage efforts to create a favorable business environment for their survival and development.

According to the NGO International Council for Small Business, micro, small and medium-sized enterprises represent over 90% of all enterprises in the world and provide on average about 70% of total employment and 50% of gross domestic product. They are a major driver of the economy in most countries, and especially in developing countries, giving bread to the most vulnerable.

At the same time, today they are most affected by the COVID-19 pandemic and need the support of the state and economic development organizations the most.

In Bulgaria, according to NSI data in 2019, there are 388,980 micro enterprises (up to 9 persons) with 691,496 employees; 25 204 small enterprises (10 - 49 persons) with 494,071 employees and 4,738 medium-sized enterprises (50 - 249 persons) with 467,303 employees.