Recession

Economic Sentiment Wavers in EU and Bulgaria Amidst Uncertainty

Economic sentiment in both the European Union and Bulgaria experienced some turbulence in February, reflecting ongoing uncertainties surrounding economic recovery and global challenges. According to the latest monthly survey by the European Commission, while consumer sentiment showed marginal improvement, economic attitudes unexpectedly deteriorated.

Economic Shift: Bulgaria's Business Climate Slumps in December

Bulgaria faces a challenging turn in its business climate as December reports unveil a decline in the total business climate indicator by 1.8 percentage points (pps), dropping to 19.8% from November's 21.6%. The National Statistical Institute highlighted a downturn primarily impacting construction, retail trade, and services sectors.

Industry Holds Steady but Faces Hurdles

‘Zero profit,’ rain or shine

Whether in recession or growth, or with bailouts and pandemics, thousands of professionals and single-owner companies declare zero profits or losses for years: About 36.4% of sole proprietorships and 27.8% of professionals have declared zero profits or losses for at least five years.

Bulgarian Industries Suffer Double-Digit Slump in September Production

Bulgaria's industrial landscape faced a substantial setback in September, witnessing a sharp decline both on a monthly and yearly scale, according to data from the National Statistical Institute. The year-on-year contraction reached a staggering 11.5%, surpassing the 2.7% dip compared to August.

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