In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the indicator decreased with 5 percentage points, from 18.3% to 13.3%, due to more negative assessments and expectations from entrepreneurs regarding a reduction in orders, exports and production activity over the next three months.
In construction, the indicator decreased by 2.2 percentage points from 23.4% to 21.2%. The sector also anticipates a contraction in orders.
In retail trade, the indicator decreased by 11.6 percentage points, from 35.2% to 23.6%.
In the services sector, it decreased by 3.8 points, from 17.2% to 13.4%.
Common problems in all sectors are the uncertain economic environment, staff shortages and rising prices of consumables and raw materials.
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
Partly Cloudy
Mostly Cloudy