In February 2021, the Industrial Production Index and the Construction Production Index remained almost unchanged as compared to the previous month. Meanwhile, the turnover indices in retail trade increased, indicates data of the National Statistical Institute. However, the three economic sectors continue to decline on an annual basis. Industrial Production Index in the mining and quarrying industry increased by 27% on a monthly basis.
Industrial Production Index in electricity, gas, steam and air conditioning supply decreased by 1.5%. Industrial Production Index in the manufacturing industry fell 1.4%. Construction Production Index increased by 0.2% compared to January, but decreased by 4.2% year on year. Turnover indices in retail trade increased by 3% compared to January, except for the retail trade in food, beverages and tobacco products, where a 0.2% decrease was registered.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all..
+359 2 9336 661