Bulgaria Business Sentiment Worsened In Feb 2020

Bulgaria’s business sentiment indicator decreased by 0.8 percentage points month-on-month in February, due to the worsened assessments of the business climate in retail and services, the National Statistical Institute (NSI) said.

The indicator in services decreased by 3.6 pp due to the more unfavourable managers’ assessments and expectations about the business situation of the enterprises, NSI said on Friday in a monthly business climate survey, in which managers of 4,200 enterprises were interviewed.

The managers’ opinions about the present and expected demand for services were more reserved in February. Competition in the sector remains the most serious challenge for businesses, followed by the factors ‘uncertain economic environment’ and ‘shortage of labour’.

The indicator in retail dropped by 0.6 pp month-on-month due to the shifting of the retailers’ assessments about the present business situation of enterprises from ‘good’ towards ‘satisfactory’, which is normal for the season, NSI noted.

However, retailers’ are more optimistic in their expectations about the volume of sales over the next three months.

The business sentiment indicator increased only in construction, by 0.5 pp, as a result of the entrepreneurs’ heightened expectations about the business situation of the enterprises over the next six months.

The indicator in the manufacturing sector was unchanged on a monthly comparison basis in February.

Read More

VMZ To Manufacture Israeli Drones

Bulgarian state-owned arms and ammunition manufacturer VMZ Sopot will start production of unmanned aircraft under an agreement signed with Israel's Aeronautics Group, Bulgaria's economy ministry...

An Increase Of 3.2% Of Bulgarians Going Abroad

Bulgarians made 653.6 thousand trips abroad in September 2019, up 3.2% compared to September 2018, the National Statistical Institute (NSI) said in a press release.

bTV Secures Rights To Show Spanish Supercup In Bulgaria Until 2022

Bulgarian pay-television broadcaster bTV has picked up rights in the country to the Spanish Supercopa club football competition this year.

Recent

New Trade Secrets Law Passes Draft Phase

MPs voted in first reading on a draft law on the protection of business secrets, which introduces better legal protection against unauthorized acquisition, use...

Bulgartranzgaz Applies For Gas Construction Tender

Bulgaria's gas transmission system operator Bulgartransgaz said on Friday that it has decided to launch a tender for the construction of a...

Boyko Borissov: GDP To Exceed BGN 120 Billion

"4-5 years ago, the GDP was 50 billion, and this year we will pass BGN 120 billion. It is good when there are such...