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.
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..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
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