Home Sweet Home: The Reality of Housing in Bulgaria Revealed
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
In November 2013, the total business climate indicator in Bulgaria increased by 1.7 percentage points compared to its October level.
This is attributed to the more favorable business climate in industry and service sector.
The data was released Monday by the country's National Statistical Institute, NSI.
The composite indicator "business climate in industry" increased by 4.3 percentage points in comparison with the previous month due to the improved managers' assessments and expectations about the business situation of the enterprises. However, the present production activity is assessed as decreased, as the expectations over the next 3 months are also more unfavorable compared to the opinions expressed last month.
The uncertain economic environment and insufficient domestic demand remain the main obstacles for the business development in the branch, 55.4% and 43.3% of the industrial entrepreneurs respectively pointed out.
Regarding sale's prices, the prevailing expectations are for preservation of their level over the next 3 months.
In November, the composite indicator "business climate in construction" remained close to its October level. Construction entrepreneurs' expectations both about the business situation over the next 6 months and the construction activity over the next 3 months are more unfavorable.
The main factor limiting the activity in the branch continues to be the uncertain economic environment, followed financial problems. At the same time, the inquiry reports strengthening of the negative impact of the factor "competition in the branch" (by 4.4 percentage points).
Concerning sale's prices in construction, the managers expect them to remain unchanged over the next 3 months.
The composite indicator "business climate in retail trade" decreased by 0.6 percentage points, which is attributed to the more moderate retailers' expectations about the business situation of the enterprises over the next 6 months. Regarding volume of sales and orders placed with suppliers, their expectations over the next 3 months are also more reserved.
The uncertain economic environment and insufficient demand remain the factors limiting to the greatest extent the business development in the branch, as in November a decrease of the negative impact of the third most important factor "competition in the branch" is observed (by 6.0 percentage points).
Regarding sale's prices, retailers foresee preservation of their level over the next 3 months.
In November the composite indicator "business climate in service sector" increased by 0.9 percentage points due to the more favorable managers' assessments about the present business situation of the enterprises.
However their opinions were more reserved regarding present and expected demand for services.
The main obstacle for the development activities in the branch continues to be the uncertain economic environment, followed by competition. However in the last month the inquiry registers strengthening of the unfavorable influence of the factor "insufficient demand.
Concerning sale's prices in the service sector, the managers expect them to remain unchanged over the next 3 months.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022