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.
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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