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.
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the..
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