Bulgaria's industrial production increased by 8.0% in January 2013 compared with January 2012, according to Eurostat.
Bulgaria and Lithuania registered the highest growth among all EU member states for which data are available (+8.0%), followed by Estonia (+5.5%).
In January 2013 compared with January 2012, production of durable consumer goods fell by 5.5% in the euro area and by 4.3% in the EU27.Intermediate goods dropped by 3.1% and 3.4% respectively. Capital goods decreased by 2.6% in both zones. Production of energy increased by 0.9% in the euro area and remained stable in the EU27....
Good stuff. Must be those Chinese auto manufacturing investors.
Bulgaria and pretty much most of the Balkans is an excellent area for manufacturing opportunities and investment. It has a relatively cheap but knowledgeable work force and competitive tax rate!
Focus on the right markets and attract the right investors. Give a priority to the expanding emerging markets.
Bulgaria should learn something from the Chinese but should also diversify with all of Asia and Eastern Europe. Those are the best and most promising areas of the world for a long time to come.
Some updating links:
Needles to say even that Bulgaria would’ve had WAY better production and economic growth if many projects were not “abandoned” and “destroyed” by the previous stagnation government.
Energy production and the new NPP was one of them….
And again since we mention the China phenomenon check the links below.
Kazakhstan a country in a desperate need of development obviously lost the above opportunity.
And those are the world NPP trends.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan