Bulgaria's Business Climate Worsens in Oct 2012
Bulgaria's total business climate indicator4 decreases by 2.7% as compared as compared with September, according to the country's National Statistical Institute.
The decrease was due to the more unfavourable business climate in all observed sectors - industry, construction, retail trade and services, the institute says.
Bulgaria's business climate in industry decreased by 3.6% in comparison with September which is due to the more reserved managers' assessments and expectations about the business situation of the enterprises.
Bulgaria's business climate in construction worsened by 2.9% due to shifting of the managers' expectations about the business situation of the enterprises over the next 6 months from becoming better towards remaining the same.
The business climate in retail trade decreased by 1.8% in comparison with September which is due to the more moderate retailers' expectations about the business situation of the enterprises over the next 6 months.
The composite indicator "business climate in the service sector" decreased by 1.3% compared to the previous month.
- » Construction in Bulgaria Grows For the First Time in 5 Years
- » Debts of Bulgaria's NEK Grew by a Quarter in 2013
- » Outsourcing Industry in Bulgaria To Garner Up To 3% of GDP
- » Bulgaria's Real Estate Market Stabilizes
- » Bulgarian FM Downplays EP's South Stream Resolution
- » First Investment Bank Buys Burgas Shipyards for BGN 47.5 M
One must look very closely at sustainability and long term planning. Let us begin with a social economic base furthered with incentives that have long term affects.
The secret is an ECONOMIC ZONE FOR THE BALKANS that has integration with the United States, Canada, Mexico and Latin America through alternative energy development.