In January 2024, the business sentiment in the country improved due to the improvement of the business climate across all observed sectors. In industry and construction, there are expectations for some price increases in the next three months, while managers in trade and the service sector do not foresee any price changes in the coming months.
In January, the business climate indicator increased by 3 percentage points compared to December 2023, when it dropped by 1.8 percentage points to 22.8%, shows the latest survey by the National Statistical Institute. The business climate indicator in industry increased by 2.6 points in January. The business climate indicator in the construction sector increased by 4.6 points. The business climate indicator in the service sector was up 2.4 points and the indicator in the retail trade sector increased with 2.9 points. The uncertain economic environment and labour shortages remain the main problems for business development.
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..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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