Bulgaria's Textile Industry Expects Further Growth

Business | November 24, 2014, Monday // 09:34| Views: | Comments: 0
Bulgaria: Bulgaria's Textile Industry Expects Further Growth Photo: BGNES

Bulgaria's textile industry is expecting further growth in 2014, reports Standart daily, quoting Radina Bankova, head of the Bulgarian Association of Producers and Exporters of Garments and Textile.

Last year the sector posted an export growth of around 7-8%, reaching EUR 1.8 B – the highest since 2007. The turnover of the textile companies grew by 10%.

According to a survey of the Association, the growth in H1 2014 continues with a similar pace.

“We have no final statistics yet, but we expect good results,” Bankova said. “We notice increased interest in the domestic market, but it is still not the most important.”

According to Bankova, the majority of textile and garment companies export their produce – mainly to Germany, Italy, Greece, France and Spain.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: textile, industry, garments, export, growth
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria