Bulgaria's Economy Shows First Signs of Recovery

Bulgaria's Economy Shows First Signs of Recovery

Bulgaria's economy is showing first signs of recovery, an industry research showed on Wednesday.

The rise of exports since the end of 2009, and especially in the first five months of 2010, and the slowdown of unemployment signal that local companies should start preparing for increased production, a survey by the Bulgarian Industrial Association showed. The survey covers the period between 2005 and 2009.

Bulgaria's jobless rate fell to a preliminary 9.23% in July, posting a decrease for a fifth consecutive month, according to data of the National Statistics Institute. The country's January - May exports to EU contries rose by 12.3% on an annual basis, totalling 6.3 billion levs.

 

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.