Bulgaria's CFOs Cautiously Optimistic - Survey

Bulgaria's CFOs Cautiously Optimistic - Survey

Bulgarian CFOs are slowly regaining their optimism about the country's economic development, the Sofia News Agency (Novinite.com) reported, quoting a survey conducted by Deloitte.

Most of the survey respondents said they expect that Bulgaria's economy will grow by 0 to 3%, the news agency said.

The risk of economic stagnation was a major concern for nearly 70% of the CFOs in the second half of 2013, 16 percentage points down from the first half of the same year, the Deloitte CFO survey indicated.

Almost half of the respondents said they expect unemployment in Bulgaria to edge up versus 25% who expect that it will drop.

As much as 42% of the respondents are very or somewhat optimistic about the financial prospects of their companies. Growth in existent and new markets is the top priority of the majority of CFOs.

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