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Bulgaria's May 2009 industrial output dropped by over 20% compared to May 2008. Photo by BGNES
Bulgaria's industry and trade have been affected substantially by the effects of the global financial and economic crisis according to latest statistical data.
Data of the National Statistical Institute released Friday shows that Bulgaria's industrial output in May 2009 dropped by 22% compared to May 2008, and by 1% compared to April 2009.
The total turnover of the Bulgarian industrial plants also decreased by 1,6% in May compared to April 2009, and by 24% compared to May 2008.
Bulgaria's retail trade shrank by an average of 13%, going as high as 40% for the car sales sector, in May 2009 compared to May 2008.
The country's construction output in May declined by 10% compared to April 2009. Most of the construction companies face difficulties completing buildings, and direct their efforts towards finishing construction infrastructure and facilities.
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