Bulgaria's calendar-adjusted industrial production fell 1.3% y/y in April after decreasing by revised 3% y/y in March, preliminary data of the statistics office showed. On a monthly basis, seasonally-adjusted output edged up 1.1% after falling 2.3% the month before.
In April, mining decreased 13% y/y (slowing from 21 y/y drop in March) with coal mining and ore metal down 29% y/y and 9% y/y, respectively. However, manufacturing output increased 1.6% y/y after falling 2.7% y/y in March mainly due to increased production of machinery, computer and communications devices, chemical products, paper and carton, leather, and tobacco. The utilities sector output dropped 2.6% y/y in April.
The anti-corruption unit of Bulgaria’s prosecution service has formally indicted former energy minister Rumen Ovcharov in an abuse of office case ... more
South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more
The sale procedure initiated by CEZ for its assets in Bulgaria has been suspended, Bulgaria’s Energy Minister Temenujka Petkova said ... more