Investment in Bulgarian Industry to Shrink by One-Third in 2015 - Survey

Business » INDUSTRY | November 13, 2015, Friday // 12:24| Views: | Comments: 0
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Bulgaria: Investment in Bulgarian Industry to Shrink by One-Third in 2015 - Survey

Bulgarian entrepreneurs in industry expect a drop of 32.6% in their investment activity this year compared with 2014, a new business survey has shown.  

Energy- and water-related industrial sectors have the largest share (33.7%) in expected investments in the current year, according to an investment survey of industrial entrepreneurs in Bulgaria conducted by the national Statistical Institute (NSI) in October.

Industries supplying intermediate goods were second (31.9%) followed by industries producing non-durable goods (20.4%).

The survey showed that entrepreneurs in the industrial sector expect their investments to drop by 2.4% next year in comparison with 2015 with about 36% of enterprises planning no spending on acquiring fixed assets in 2016.

Investment in replacement of worn-out equipment is expected to have the largest share of investment in industrial enterprises in 2016 (29.3%), the NSI said on Friday.

Investment in planned capacity increase comes second with a share of 29.1% of total investment in industry planned for 2016. Investment in mechanization and automation of existing industrial production and introduction of new technological solutions will absorb 24.2% of planned investment next year, while 17.4% will go toward improving labour safety and environment protection.

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Tags: Bulgaria, industry, industrial, NSI, fixed assets, capacity increase, automation, new solutions
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