2020
DOI: 10.2139/ssrn.3688949
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The Brokerage Insurance Companies Under COVID-19 Framework (The Bulgarian Experience)

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Cited by 4 publications
(3 citation statements)
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“…Above data suggests that the business failure scenario is very possible even if business entities have insured their profits with sound insurance intermediaries (Zahariev, et al, 2020c). The findings are considered valid not only for the EU Member States, but also for a country with advancement in the research on the development of a COVID-19 vaccine as Russia, where the public deficit on national and regional budget level is part of the "new normality" (Sabitova, Shavaleyeva, Lizunova, Khairullova, & Zahariev, 2020).…”
Section: The "New Normality" Of Deficit Financing For Governmental Support To the Business Under Covid-19 Frameworkmentioning
confidence: 91%
“…Above data suggests that the business failure scenario is very possible even if business entities have insured their profits with sound insurance intermediaries (Zahariev, et al, 2020c). The findings are considered valid not only for the EU Member States, but also for a country with advancement in the research on the development of a COVID-19 vaccine as Russia, where the public deficit on national and regional budget level is part of the "new normality" (Sabitova, Shavaleyeva, Lizunova, Khairullova, & Zahariev, 2020).…”
Section: The "New Normality" Of Deficit Financing For Governmental Support To the Business Under Covid-19 Frameworkmentioning
confidence: 91%
“…The majority of companies in lockdown countries were forced to stop all activities while the companies in the countries which avoided imposing the lockdown, suffered consequences of insufficient resources, delays in supplies and difficulties in delivering products and services to the market. Economic activities declined (Onyele & Nwadike, 2020) all around the World which resulted in remarkable financial losses for majority of companies (Jaina & Vermab, 2020;Zahariev et al, 2020;Ahsany et al, 2020). About 1.9 million small businesses got in immediate risks of getting closed (Kyung & Whitney, 2020).…”
Section: Post-covid-19 Business Environment Framementioning
confidence: 99%
“…The pandemic disrupted the global business environment and caused additional challenges to this matter. Global economic activities declined (Onyele & Nwadike, 2020), resulting in the majority of companies suffering remarkable financial losses (Jaina & Vermab, 2020;Zahariev et al, 2020;Ahsany et al, 2020). According to the ILO (2021) in 2020, nearly 8.8 % of overall working hours were lost because of the pandemic, around half because of reduced hours, and the other half because of job losses.…”
Section: Introductionmentioning
confidence: 99%