In February 2021, the Industrial Production Index and the Construction Production Index remained almost unchanged as compared to the previous month. Meanwhile, the turnover indices in retail trade increased, indicates data of the National Statistical Institute. However, the three economic sectors continue to decline on an annual basis. Industrial Production Index in the mining and quarrying industry increased by 27% on a monthly basis.
Industrial Production Index in electricity, gas, steam and air conditioning supply decreased by 1.5%. Industrial Production Index in the manufacturing industry fell 1.4%. Construction Production Index increased by 0.2% compared to January, but decreased by 4.2% year on year. Turnover indices in retail trade increased by 3% compared to January, except for the retail trade in food, beverages and tobacco products, where a 0.2% decrease was registered.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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