Business Climate in Bulgaria Scores Marginal Improvement

Business Climate in Bulgaria Scores Marginal Improvement

The business climate in Bulgaria has improved August 2010, according to a survey by the National Statistics Institute revealed Thursday.

According to the study, the business climate index has grown by 2 points compared to July due to better climate in construction, retail and services.

On the other hand, the business climate index for industry has dropped by 2 points despite increased productivity, due to an insecure economic environment in Bulgaria and insufficient demand, making up for a more conservative outlook for the coming months.

Construction has marked a 1.7 increase in its index with weaker decrease in activity compared to July.

The business climate index for retail has upped with 4.6, while services mark a 7.7 jump due to improved outlook and forecasts, says the National Statistics Institute report.

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