41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the slowdown in global economic growth. The biggest concerns of businesses are related to expectations of a drastic rise in energy and raw material prices, as well as inflation.
61% of employers support the introduction of the euro. 48% of respondents believe that Eurozone membership should be a key state priority. More than half of the respondents plan to increase their production volume and the range of products offered. 45% will seek new markets. One-third of businesses are facing difficulties with their international partners and foreign markets, up from 18% last year.
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
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