Bulgaria’s business climate gloomier in December

Business people in Bulgaria were gloomy in December 2014, as the overall business climate indicator measured by the National Statistical Institute (NSI) resumed its downward trend following the brief increase a month earlier.

In December, the business climate indicator dropped by 1.1 percentage points, as negative business climate expectations in construction and retail sectors outweighed positive business climate in the industry and services sectors, the NSI said on December 30.

The industry business climate indicator rose by 2.4 percentage points, mainly because of industrial entrepreneurs’ improving assessments of the current business situation, on the back of increased expectation about orders over the coming three months, although not enough to encourage additional hiring of staff.

To read the full story, click here.