Bulgaria's Business Climate Down by 3.2% in January
Bulgaria's business climate in January worsened by 3.2% as compared to the previous month, according to the country's National Statistical Institute.
The "business climate in industry" indicator decreased by 1.9% in comparison with the previous month which was due to the managers' more moderate assessments about the present business situation of the enterprises. The inquiry registered a decrease in production activity and production assurance with orders.
The "business climate in construction" indicator preserved its December level.
The "business climate in retail trade" indicator decreased by 12.2% in comparison with the previous month.
The "business climate in the service sector" indicator did not change significantly as compared to December.
- » Bulgarian Household Deposits Rise 7% Y/Y as of End-July 2016
- » Bulgaria's Producer Prices in Agriculture Fall 0.8% Y/Y in Q2 2016
- » Bulgaria’s Economy to Expand by 3% in 2016 - Industry Group
- » Russia Certifies Ural, Yamal to Fly to Bulgaria’s Burgas, Plovdiv from Moscow’s Zhukovsky Airport
- » Tourist Trips by Bulgarian Residents Increase 10% Y/Y in Q2 2016
- » Investment Funds’ Assets in Bulgaria Drop 0.8% Y/Y as of End-June 2016
Dear Philippe, I knew you were an idiot but not that it was this bad.
I could start discussing it with you but reading your reply makes clear: waste of time.
PS: Chicken soup and chicken in general are best in Bulgaria. So are tomatoes and so are fruits.
A shame the EU destroyed the whole fruit industry by giving so much money to Greece to produce fruit much cheaper and destroy the whole Bulgarian fruit sector by exporting it for peanuts to BG.
Oeps, just wasted my time.
There are several strong signs that a serious breakdown of the BG economy has started. 3.2% down is enormous!
Last week we understood that only 10% of the consumed goods are produced in BG. The quality of the products is not good and the prices are not competitive. Let the minister eat the water chickens of the cheaters that he and his inspectors protect.!
Britain seems to have enough of Bulgaria and threatens to leave the EU.
Today we've learned that the top of the education system had to resign because of corruption and the Socialist Party wants to put billions of non existing money in a nuclear plant just to please Moscow and to fill their pockets.
Why can't the country train it's farmers to produce vegetables, fruits, dairy products and meat at good quality and at competitive prices?
Why is the GDP pro capita lower than in several 2nd or 3rd world countries? 60% of the Bulgarian work force is employed as waiters, drivers, guards and shop attendants, professions that hardly add something to the country. More, most of them are paid by an envelope under the table.
Why do foreign investors stay away with a flat tax of 10%?
Time to give up this silly monetary board with the EURO. It may have had it's values in the past, but the country missed the momentum. Time to devaluate the Lev, eliminate the cheaters and their high protection, force the losers to go bankrupt and bring some fresh oxygen for young and ambitious newcomers in the SME business environment.