Bulgarian Industrial Companies Plan 17.5% Higher Investment in 2012

Bulgarian Industrial Companies Plan 17.5% Higher Investment in 2012

Bulgarian industrial companies plan to invest 17.5% more in 2012 compared to the previous year, the National Statistics Institute (NSI) said.

The managers in the public sector expect an increase of their investment programmes by 63.5% compared to 2011, while those in the private sector see it rising by 8.7%, NSI said in a statement.

Energy and water-related industries formed the greatest share of expected investments this year, 46.6%, with a forecasted increase of 39.0% in comparison with 2011. Intermediate goods industry ranked second with expected growth of 35.6% in comparison with the previous year.

In 2011, industrial companies invested 10.6% less in their businesses compared with 2010, the survey shows.

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