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 indicator decreased with 5 percentage points, from 18.3% to 13.3%, due to more negative assessments and expectations from entrepreneurs regarding a reduction in orders, exports and production activity over the next three months.
In construction, the indicator decreased by 2.2 percentage points from 23.4% to 21.2%. The sector also anticipates a contraction in orders.
In retail trade, the indicator decreased by 11.6 percentage points, from 35.2% to 23.6%.
In the services sector, it decreased by 3.8 points, from 17.2% to 13.4%.
Common problems in all sectors are the uncertain economic environment, staff shortages and rising prices of consumables and raw materials.
The Bulgarian state-owed natural gas supplier Bulgargaz has proposed that the price of natural gas for November increases by around 8% to nearly 66 BGN per megawatt-hour, excluding fees and taxes, reported BNR's journalist Yuliana Kornazheva. The..
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports..
For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" -..
Partly Cloudy
Clear