The industrial property market froze in the middle of the year, but forecasts suggest a revival is on the horizon.
Four leading Bulgarian economists highlight the most significant trends of 2023.
The revenue of the top 70 manufacturers rose by 26% to over 15 billion levs in 2022
The average debt-to-asset ratio remains near 50%, narrowing slightly
GDP growth stands at 1.8% y/y in the second quarter, with consumption remaining the primary driver
Factories and brands are multiplying, the local market is about BGN 60 million, and most of the production gets exported
The main growth drivers reached an inflection point in Q1 2023
The week: The captured state unravels, Mariya Gabriel gets a bad deal, while arms producers had a very good year
The country didn’t break. It was already broken
A moderate recovery, but without strong optimism among the major players in the sector
Is the euro coming at all, the Russian assets in Bulgaria are in for a freeze, trouble at the European prosecution
Company strongly improves its results in 2021 thanks to stronger demand and cost optimization
The banking sector posts the strongest growth in all segments since the global crisis
Prosecution goes after cryptobank, no chance of gov’t and coal to stay until 2038
Institutions don’t bet on a recession in their forecasts for 2023 but there are problems
Appreciation of metals prices increased company earnings by 33% in 2021, but forecasts for 2022 are less optimistic