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Business climate in Bulgaria improving for second consecutive month

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Business climate in Bulgaria has been improving in June 2020, which is due to more favorable assessments and expectations of companies in all sectors - industry, construction, retail and services, according to national statistics.

The general business climate indicator rose by 11.4 points in June after a rise of 11.8 points in May. For the second month in a row, part of the dramatic decline of 42 points marked in April was erased. Business forecasts are that most prices will remain unchanged. Only in retail trade some price rise is expected.

In April, because of the Covid-19 pandemic, business climate collapsed to levels from February 1997, when banks in Bulgaria went bankrupt.



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