In May 2022, the total business climate indicator decreased by 0.7 percentage points in comparison with April as a result of the more unfavourable business climate, the National Statistical Institute (NSI) said.
The industry indicator was down by 0.8 percentage points, due to the uncertain economic environment and labour shortages.
In Bulgaria’s construction sector, the indicator dropped by 3.6 percentage points, due to fewer contracts, rising prices of construction materials and shortage of workpower.
In the retail sector, the indicator was down by 2.2 percentage points, due to rising prices and lower demand.
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism told the Bulgarian National Radio. The prices..
Clear