Investments in Bulgaria’s industry are expected to go down by more than one third in 2009. Photo by Sofia Photo Agency
Bulgaria's industrial enterprises plan to shrink their investments by 36% in 2009 compared to 2008.
The data is based on a poll regarding industrial investment plans by the end of March, conducted by the National Statistics Institute (NSI).
Managers from the private sector foresee a 33% reduction in their investment programs, compared to 2008, while those in the public sector expect a 46% reduction.
The energy and water sectors are expected to keep their largest investment share in 2009 (over 45%), but the reduction of investments is expected to be down by 30% relatively to the previous year.
The sectors involved in the manufacturing of foods and beverages rank second by the expected investments for 2009 (13%) with a forecasted investment reduction of nearly 30% as well.
In 2008, public sector enterprises have made 70% more investments compared to 2007 while private ones have invested only 1% more.