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.
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more