Bulgarian Industrial Enterprises to Cut Investment by 6.3% Y/Y in 2014

Industrial establishments plan to cut investments by an average 6.3% on the year in 2014, according to a survey of Bulgaria's National Statistical Institute (NSI).

According to the survey, conducted among the chief executives of industrial establishments in March 2014, the private sector has a stake of around 84% in the total volume of projected costs for acquiring fixed tangible and intangible assets in 2014.

Managers in this sector predict a decrease in investment programs by 15.3% from the previous year.

By main industrial groupings, energy and water-related industries account for the biggest share of projected investments in 2014 (44.3%), up by 1.7% from 2013. Second and third place by projected investments are the sectors manufacturing goods for intermediate consumption (with a relative share of 31.2%) and the sectors manufacturing non-long-term consumer goods (with a relative share of 14.7%), which, however, expect a decrease in investment programs by 13.6% and 14.1%, respectively, from 2013.

According to the latest data, expenses for acquiring fixed tangible and intangible assets in industry increased by 6.3% on the year in 2013.