It is reported that a large number of firms in Bulgaria's construction sector, transport, light industry, services and commerce are accumulating big losses. This is the conclusion of a poll of 580 businesses around the country conducted end May by the National Center for the Study of Public Opinion.

The results from the poll show that one third of all Bulgarian firms determine their financial situation as extremely bad. 55% of the survey entrepreneurs believe that the Bulgarian business regulations and legislation defend the interests primarily of big business; only 5% think that all businesses are protected.

The Trade Act, VAT laws, Corporate Tax Act, Investment Encouragement Act, and SMEs Act are widely viewed as good examples of measures supporting the business sector.

At the same time, the public procurement legislation, the territorial organization laws, the Personal Income Tax, the excise tax laws, and the regulations for safe and healthy labor conditions are believed to have major issues.

The two major problems resulting from the economic crisis for Bulgarian firms are the reduction of their output and increased levels of inter company debts.

The number of pessimistic entrepreneurs has increased six times compared to May 2009.

(Sourced from www.novinite.com)