Bulgarian businesses are optimistic about 2018. They expect a rise in sales, employment and investments, a poll conducted by the Bulgarian Chamber of Commerce and Industry and among 602 companies in Bulgaria suggests. The poll is part of a survey across Europe including more than 50,000 companies from 23 countries. Easing the administrative burden, a greater potential for financing and low taxes benefit the development of businesses. According to experts the purchasing power of citizens has increased and they tend to spend more. According to businesses though politicians must allocate more funding to certain sectors in exchange for reforms in them, because otherwise this measure won’t be productive. Data about exports is positive as well – close to 50% of companies in this country expect that their sales abroad will be up in 2018. Close to 40% of employers believe that employment will increase and this will be due to improved conditions for hiring foreign workers.
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
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..
Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..
Partly Cloudy