Half of the companies from the Bulgarian Industrial Capital Association say that the tariffs on the import of commodities announced by US President Donald Trump are not going to affect their businesses directly.
One-third of the employers questioned say that the 20% tariffs will affect them negatively, 10% say they will be affected negatively by the 25% tariffs on cars and auto parts, and the tariffs on steel, aluminium and their derivatives. The representative survey was conducted among 620 companies, and was posted on the Association’s website.
Around 150 companies say that the tariffs announced by the US president affect their business because they are part of the chain of supply towards the Netherlands, Germany and Austria which export Bulgarian textile products, auto parts and stationary lifting machines and equipment. There are around 120 Bulgarian companies with direct exports to the US – mostly manufacturing cosmetics, hydraulic cylinders, knitwear etc. In accounting for the direct effects to businesses, 180 employers predict a drop in production, with half of them expecting the drop to be no more than 5%. However, the remainder fear that this drop may reach up to 30%.
On Thursday, lows will be between 9 and 13°C, reaching 9°C in Sofia. It will be mostly sunny during the day, but the atmosphere will be unstable with the development of cumuliform clouds around noon. Rain is expected, and thunderstorms and hail are also..
Banking services in Bulgaria are among the most accessible in the EU, according to an analysis by the Association of Banks in Bulgaria . According to it, banks in Bulgaria offer the lowest interest rates in Europe on newly granted loans to households for..
Around 50,000 medical tourists from abroad visit Bulgaria each year. Most of them come for dental care, which is of a high standard and 60–70% cheaper than in other European countries. Arkadi Sharkov of the Bulgarian Hospital Association announced..
Bulgaria’s President Rumen Radev met in Tokyo with Japan’s Prime Minister Shigeru Ishiba as part of his visit to Japan. Rumen Radev and Shigeru Ishiba..
The normal movement of buses, trolleybuses and trams in Sofia is being restored as of today, after last night the unions announced an end to the 6-day..
Only 2 kilometers remain to be built on the Bulgarian side of the railway corridor known as Corridor No. 8, which is intended to connect the Adriatic..
+359 2 9336 661