Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

20 per cent less exhibitors at “Made in Bulgaria” 2009

On November 13th the National Palace of Culture will see the start of the 15th National Trade Exhibition of Producers “Made in Bulgaria” 2009.
Photo: BGNES

More than 300 light industry firms and companies will take part in it. The aim of the trade exhibition is to offer a supporting hand to Bulgarian producers who will have at their disposal one week to show their production.

“In order for a firm to survive, especially in a period of crisis, it must give signals that it exists. A national trade exhibition such as “Made in Bulgaria”, which is being held in the center of the capital, gives this opportunity”, says Tsvetan Simeonov, Chairman of the Bulgarian Chamber of Commerce and Industry, which is one of the organizers of “Made in Bulgaria”. About 27 per cent of the presented firms and companies are from the textile industry and about 14 per cent – from the fur industry. Present also are producers of sports attire, jewelry, perfumes and cosmetics. According to Yordanka Chavdarova – manager of “Business centre Bulgaria” – the second organizer of the forum – the global economic and financial crises reflects on the number of participating firms and companies. This time they are 20 per cent less in comparison with 2008 and if then a given firm or company took two or three stands now they use only one.

“In a period of crisis, when the consumers are under stress and tend to save and be practical rather than spend money, we are trying to give the firms and companies an opportunity show their best and newest production. This will also be an opportunity for the clients to explore the spacious halls of the National Palace of Culture and leisurely choose and buy presents for the forthcoming Christmas and New Year holidays. The National Trade Exhibition of Producers “Made in Bulgaria” also gives an opportunity to different shops to contract whole collections for next year. Retail dealers here get a chance to see the newest production of a given firm or company. We strive to attract the most stable and innovative producers and sincerely hope that in half an year things will change for the better”, says Yordanka Chavdarova.

She stresses on the fact that there is almost no branch in industry, which has not suffered the effects of the crisis. A survey of the consulting company “BusinessForSale.BG” shows that two-thirds of the actively working firms and companies in Bulgaria are undergoing considerable hardships in their work and cannot boast that they have regular financial profits. The effect of the crisis is expressed mainly in the reduced buying activity of the clients as well as the decrease of foreign investments. Because of the crisis and in the attempt to attract more clients during the National Trade Exhibition “Made in Bulgaria” the producers tend to lower the prices of their articles considerably, to make tempting offers and to propose various attractive ways of payment.

English version: Ivaila Bozhanova

По публикацията работи: Milka Dimitrova


Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year.  As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM

More than EUR 1 billion to be allocated for agriculture and the development of local economies

More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..

published on 11/17/24 10:07 AM