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.