Bulgaria’s Retail Trade Turnover Up 5.4% Y/Y in April
Bulgaria’s retail trade turnover adjusted for the number of working days increased by 5.4% year-on-year in April, the National Statistical Institute (NSI) has said.
In a breakdown by sector, turnover increased most in retail trade in clothing, footwear and leather goods, by 21.1%, the NSI said in a monthly survey published on Tuesday.
Retail sales of food, beverages and tobacco increased by 13.2% year-on-year in April and sales via mail or Internet picked up by 8.3%.
Compared with April 2015, retail trade turnover dropped most in the sector dealing in sales of computer hardware and software (-8.4%)
Retail sales of audio and video equipment, paints and glass; and household appliances dropped by 2.2% year-on-year in April 2016.
Sales of motor vehicles are not part of the statistical survey.
Bulgaria Prepares for Euro Transition: Expert Warns of Counterfeit Risk and Change Challenges
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
Migrant Entrepreneurs Call for Smarter Policies to Boost Bulgaria’s Economy
On the occasion of International Migrants’ Day on December 18, migrant business owners in Sofia released a Manifesto of Foreign Entrepreneurs in Bulgaria
Bulgarian-American Credit Bank Cleared to Acquire Majority Stake in Tokuda Bank
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Bulgaria Faces Structural Budget Deficit, Economist Warns
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Technical Update on December 31 Halts Bulgarian Banking System Ahead of Euro Transition
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
Euro Coin Frenzy: Bulgarian Post Offices Sell Out In Hours!
The demand for euro coin sets proved overwhelming, as post offices across Bulgaria reported that their stocks had rapidly depleted.





