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.
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The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..
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