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

High added value manufacturing marks significant growth: Institute for Market Economics

Institute for Market Economics
Photo: BGNES

Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the highest employment rate.

In recent years, high added value productions have marked a three-fold increase as compared to 2015. Growth is reported in the sectors with a higher level of mechanization and automation which are well integrated into European and international added value chains.

High-tech productions attract the highest number of employees – an average annual growth rate of 8%. The differences in pay are also significant – three times higher average expenditure in computer technology compared to clothing and furniture manufacturing.



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

Political instability is a major challenge for German investors in Bulgaria

The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..

published on 10/24/24 9:15 AM

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM