In June 2022, the economic situation in Bulgaria improved. The overall business climate indicator rose 1.4 percentage points as compared to the previous month, when it fell 0.7 points, the National Statistics Institute announced.
The indicator in the industry sector went up by 1.7 percentage points. In retail trade, the indicator increased with 2.1 percentage points. The indicator in construction went up by 1 percentage point. No change was registered in the service sector.
The uncertain economic environment has affected the development of all sectors. The number of managers, who express expectations that prices would rise in the next 3 months, has increased. More than 50% of the respondents said that prices in construction and retail trade will rise.
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..
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