Number of active companies in Bulgaria drops 8.6% y/y in 2010.

By bne IntelliNews August 31, 2011
The number of active non-financial companies in Bulgaria decreased by 8.6% y/y to 315,819 in 2010, compared to a 25% annual increase reported in 2009, preliminary data of the statistics office showed. A total of 1,934,544 were the employed persons, of which 625,812 or 32.3% were employed in the industry sector, 185,453 or 9.6% in the construction sector (down by 2pps compared to 2009) and 531,921 or 27.5% were working in the trade sector (up by 1pps y/y). The number of companies in the industry sector dropped by 3.3% y/y to 32,964 in 2010 due mainly to a decrease in the number of manufacturing companies from 32,177 in 2009 to 30,635 in 2010. The value added in the sector at factor costs reached BGN 12.4bn (at current prices) and registered an increased share of the mining and quarrying (by 1.7pps), electricity, gas and heating (by 0.5pps) and water supply (by 0.4pps), while the relative share of manufacturing decreased by 2.6pps. The number of construction companies also contracted by 10.5% y/y to 21,118. Companies active in the wholesale and retail trade on the other hand increased marginally by 0.3% y/y to 143,688. The share of wholesale trade (except motor vehicles) in the value added in the sector rose by 4.8pps y/y, while the share of retail trade dropped by 4.3pps y/y. Companies in the services sector increased by 2.1% y/y and constituted 27.4% of total active companies in the country. Some 30.6% or 591,358 in total was the number of the employed in the sector in 2010.

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