Over the last year and a half, industrial production in Bulgaria continues its upward trend on a monthly and annual basis. For August the growth is estimated at 0.7% compared to July and 16.5% compared to last year, announced the National Statistical Institute.
Declines were recorded only in the chemical sector (down 11.6%), electronics (down 10.3%), automotive and timber (down 8.5%).
The construction sector also grew by 0.5% in August, offsetting the decline recorded in July.
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European Commission has given the green light for the subsidy, the energy minister said. According to..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports..
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's..
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