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Bulgaria’s Economy to Expand by 3% in 2016 - Industry Group
Business | August 23, 2016, Tuesday // 09:54
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Bulgaria’s Gross Domestic Product (GDP) will grow by a real 3% in 2016, according to the chairman of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov.
The average wage will exceed BGN 1,000 (EUR 500) in 2016, public radio broadcaster BNR quoted Simeonov as saying on Monday.
Simeonov also said that high-tech, outsourcing, car and machine parts manufacturing, pharmacy and cosmetics continue to be the engines of the Bulgarian economy. According to Simeonov, red tape and frequent changes to legislation remain the main obstacles to doing business in Bulgaria.
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