Investments in Bulgaria’s industrial sector are down by 34% in 2009 compared to 2008, data form the National Statistics Institute shows.

The data, collected through March 2010, further shows a forecast of another 14% reduction in 2010.

Managers from the private sector forsee a 30% decrease in their investment programs while the public sector expects an increase of about 40%.

The most investments are expected in energy resources and branches using water in their production cycle (56%) with a 6.5% growth compared to 2009. This is followed by the investments in branches making goods for intermediate consumption, with, however, a decrease of 27% compared to last year.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!