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.
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
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