In June 2020, Bulgaria’s processing industry grew as compared to the previous month (May 2020). According to data of the National Statistical Institute, the manufacture of motor vehicles, trailers and semi-trailers increased with 73.2% month on month and manufacture of furniture increased by 24.0%. Manufacture of tobacco products grew with 15.9% and processing of timber and wooden articles, excluding furniture, increased with 14.8%. However, manufacture of apparel fell with 19.5%. Manufacture of metal products, excluding machinery and equipment, fell with 5% month on month.
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business..
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