41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the slowdown in global economic growth. The biggest concerns of businesses are related to expectations of a drastic rise in energy and raw material prices, as well as inflation.
61% of employers support the introduction of the euro. 48% of respondents believe that Eurozone membership should be a key state priority. More than half of the respondents plan to increase their production volume and the range of products offered. 45% will seek new markets. One-third of businesses are facing difficulties with their international partners and foreign markets, up from 18% last year.
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
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