Bulgarian managers have rated the year ending as the year of deepening crisis. 71 per cent out of 500 polled have shared the opinion that 2011 was worse than 2010. The picture that emerges from the survey is a gloomy one, from worsening rating and higher interest rate, falling sales in spite of government intervention, to the anomaly of a continuing need for skilled staff while the quality of it continues to decline. More than half of those polled expressed worse companies’ performances in 2011, while 32 per cent reported no change. 25 per cent of managers have restructured their debt, while 83 per cent said that money owed to them was in arrears. Most of the attention next year will be on offering new products and services and searching for new markets.