Trump Backs Down? Massive China Tariffs Could Be Slashed Soon
US President Donald Trump has indicated a possible softening of his trade stance with China
Industrial enterprises in China have managed to resume production to an average of 98.6%, said the Industry Deputy Secretary.
The utilization of production capacities in the industrial enterprises in the country has already reached 98.6%, and 89.9% of the employees have returned to their jobs, he said.
About 76% of the employed have returned to small and medium-sized enterprises, according to BGNES.
Enterprises in the automotive industry have resumed 97% of their production, but are currently facing low demand levels, the deputy minister said.
At the moment, the rates of resumption of production and operation of enterprises are relatively high, but due to insufficient market demand, the automotive industry is still experiencing difficulties. Stock availability will continue to increase, and this may later force some companies to reduce their productivity.
Authorities in China are trying to tackle this problem by implementing various measures and programs to stimulate consumer demand for automotive products.
Bulgaria anticipates favorable outcomes from the upcoming reports by the European Commission (EC) and the European Central Bank (ECB) on its euro adoption
A month after Bulgaria receives approval to join the eurozone, all traders are required to display prices in both leva and euros
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce
Nexo, a global leader in digital asset management, has officially declared its return to the US market
The real estate market in Bulgaria maintained stability and activity during the first quarter of 2025, with strong demand despite a moderate drop in transactions compared to late 2024
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase