Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the highest employment rate.
In recent years, high added value productions have marked a three-fold increase as compared to 2015. Growth is reported in the sectors with a higher level of mechanization and automation which are well integrated into European and international added value chains.
High-tech productions attract the highest number of employees – an average annual growth rate of 8%. The differences in pay are also significant – three times higher average expenditure in computer technology compared to clothing and furniture manufacturing.
Bulgaria has the opportunity to reap the full benefits of eurozone membership , but this will require stronger fiscal discipline, effective management of transition risks, and accelerated structural reforms , the International Monetary Fund (IMF)..
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