According to Eurostat, Bulgaria is first in the EU in terms of industrial production growth with 20.2%. "This became possible because thefts were stopped and an end was put to racketeering and to the extortion of companies," Deputy Prime Minister and Minister of Economy Kornelia Ninova said. She reported historical export growth of 38.8%.
According to experts, the growth was mainly due to the record-high export of defense products to Ukraine, BGNES reports. The National Statistical Institute commented that this was an expected result of inflation. In May 2022, total Bulgarian exports grew on an annual basis by 60.7% to 4.2 billion euros, while total imports grew by 49.3% to 4.6 billion euros.
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports...
Partly Cloudy
Mostly Cloudy