The changes in the business situation that have occurred in our country in the period of one year since the beginning of the COVID-19 pandemic are dynamic. This was discussed before the Bulgarian National Radio by economist Vladimir Sirkarov and Vladimir Dramaliev, director of the „Beathope“ foundation.
The past 2020 has been marked by more than one or two crises related to health, economic and social problems, Vladimir Sirakov commented. Many businesses had to close down, and the most affected by the changes were restaurant keepers and travel companies, that are unlikely to recover for a long time.
According to Sirkarov, trade was hit hard all over the world, especially at the time of the first lockdown, when entire countries were isolated from each other.
Vladimir Dramaliev pointed out that there has been an increase in the number of people willing to trade cryptocurrencies. The number of people called traders looking for alternative ways of profit is also growing. Many of them focus on digital funds, learn to recognize technical indicators, get informed. Due to the complex nature of the matter, over 80% of those who set out on this journey lose their money.
Dramaliev explained that cryptocurrencies do not even need to be traded so seriously. They are a division of the IT sector and can be turned into real money for payments at any merchant. It is enough to make the purchase and wait 12 months. It is at this stage that most enthusiasts make the mistake of embarking on unnecessary actions that are not always profitable.
Unlike other industries, Sirkarov noted that the technology sector flourished significantly during the crisis, especially the gaming industry as well as online platforms.
Sirkarov explained that the medical as well as the pharmaceutical business have reaped huge profits. As a result of the fear and overstocking associated with the psychological element, the population in many places has bought drugs and consumables such as masks, gloves, etc.
Both financiers claim that the Bulgarians have significantly increased their financial culture. They advised that if a person has unnecessary funds, set them aside and keep them in the form in which they are. The purchase of investment gold, silver and shares of gold mining companies is also useful and promising, experts say.
