Half of the companies from the Bulgarian Industrial Capital Association say that the tariffs on the import of commodities announced by US President Donald Trump are not going to affect their businesses directly.
One-third of the employers questioned say that the 20% tariffs will affect them negatively, 10% say they will be affected negatively by the 25% tariffs on cars and auto parts, and the tariffs on steel, aluminium and their derivatives. The representative survey was conducted among 620 companies, and was posted on the Association’s website.
Around 150 companies say that the tariffs announced by the US president affect their business because they are part of the chain of supply towards the Netherlands, Germany and Austria which export Bulgarian textile products, auto parts and stationary lifting machines and equipment. There are around 120 Bulgarian companies with direct exports to the US – mostly manufacturing cosmetics, hydraulic cylinders, knitwear etc. In accounting for the direct effects to businesses, 180 employers predict a drop in production, with half of them expecting the drop to be no more than 5%. However, the remainder fear that this drop may reach up to 30%.
The 122 nd anniversary of the outbreak of the Ilinden-Preobrazhenie uprising will be marked on 2 August in the locality Predela with a flower and wreath laying ritual at the monument Ilinden. Razlog municipality has announced that the ritual will..
In the village of Slaveyno near Smolyan, the Union of Thracian Societies in Bulgaria is organizing a National Gathering-Pilgrimage on August 2 and 3. The festival is dedicated to the 122nd anniversary of the Ilinden–Preobrazhenie Uprising and the 145th..
On Saturday minimum temperatures will range between 15 and 23° C., for Sofia 15° C. During the day the weather will be predominantly sunny, cumulus clouds will form around and after midday. There will be rain and thunder mostly in the mountain..
On Saturday minimum temperatures will range between 15 and 23° C., for Sofia 15° C. During the day the weather will be predominantly sunny, cumulus..
Minister of Tourism Miroslav Borshosh has met with mayors from the Black Sea municipalities and the regional governor of Burgas to outline a common..
The base interest rate in the country is being reduced to 1.82% as of 1 August 2025, the Bulgarian National Bank (BNB) has announced. The reduction is..
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