HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Send to Kindle
Photo by pirdop.com
Bulgaria's lumber industry has started to overcome the effects of the economic crisis but the furniture manufacturing is still declining, according to participants in the "World of Furniture" expo in Sofia.
Georgi Kostov, Deputy Agriculture Minister and head of the State Forestry Agency, said Bulgaria's state budget revenues from the lumber industry in the state-owned forest plots will amount to BGN 60 M in 2010.
Bulgaria extracts about 4 million cubic meters of lumber per year, and most of that goes for exports to Turkey and Iraq which are seeing a boom of construction; at the same time, the Bulgarian furniture industry takes up only 1 million cubic meters of timber annually, according to the Bulgarian Chamber for Woodworking and Furniture Industries.
Yet, in the past 2-3 months, the volume of furniture production has started to increase slightly, according to Kalin Simeonov, Chair of the Chamber.
Bulgaria's furniture production is expected to slump by 10% in 2010, which is an improvement considering the shock decline of 20% in 2009. The major reason for that is the reduced domestic consumption.
"The good news is that the export is on the rise," Simeonov said. In his words, the recovery of the Bulgarian furniture industry could be expected in about six months.
Because of the Covid-19 pandemic, many of us have gotten used to working from home, and it has also become common practice by workplaces to allow employees to work from home when the need may arise.
According to the preliminary data in May 2019 the Industrial Production Index2 , seasonally adjusted3 , remained at the level of April 2019.
The furniture producer Parallel - Sevlievo is starting another expansion and renovation, which this time is worth 27 million leva.
In 2017, furniture exports exceeded EUR 335 million.
According to the preliminary data the Industrial Production Index , seasonally adjusted , decreased by 1.
''Georgi Kostov, former Chief Secretary of the Interior Ministry, will be appointed Director General of the National Customs Agency'', Finance Minister Vladislav Goranov said, quoted by FOCUS News Agency.
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
Bulgarian Agriculture Minister Ivan Hristanov has said that milk prices in Bulgaria are falling for consumers while production costs for farmers continue to rise, creating increasing pressure on the sector.
Bulgaria saw a sharp rise in labor costs at the close of 2025, with total employer expenses per hour worked increasing by 13.9% in the fourth quarter compared to the same period in 2024, according to preliminary figures from the National Statistical Insti
Each December, several factories across the Midlands manage their busiest weeks with clipboards in hand.
Germany’s online gambling market has become one of the most closely observed case studies in digital regulation.
The digital age has fundamentally reshaped nearly every industry, and the gambling sector is certainly no exception.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
