Text size

Uncertain economic environment remains the biggest hurdle for entrepreneurs

published on 12/30/22 4:02 PM

Photo: Pixabay

The overall business climate indicator increased by 1.0 percentage points in December compared to the previous month, the monthly survey of the National Statistical Institute (NSI) shows. Industry and retail trade saw an increase, construction maintained its levels, while the services sector saw a decline. The uncertain economic environment remains the most serious challenge to business development.

As a result of industrial entrepreneurs' more positive expectations for the next six months, the "business climate in industry" indicator increased by 2.5 points. However, construction contractors have reserved expectations for the next three months.

The "retail business climate" indicator increased by 0.7 points. The positive assessment is mainly related to the sales volume in the last three months as well as to the expectations for the next three months. In contrast, in the services sector this indicator decreased by 1.1 points.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy business climate indicator National Statistical Institute

More from category

Bulgaria has met the Eurozone inflation standard in 2024

Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..

published on 1/15/25 11:50 AM

Unions and businesses protest against hike in industrial electricity prices

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..

published on 1/9/25 1:13 PM

Eurozone entry could bring benefits for Bulgarian businesses and economy

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..

published on 1/8/25 11:37 AM