Situation in the Textile and Clothing industry in Bulgaria in 2013 and perspectives for 2014

General economic environment

Bulgaria's Labor Costs Grow by Nearly 10% Q4 2011 Y/Y

New European network of iprofessional mediators to be created

The aim of the project is to present an efficient way for easier and faster resolution of international disputes and border problems

Bulgaria's January - May exports to EU up 49% Y/Y

In the period January - May 2011 the Bulgarian exports to the EU increased by 48.7% compared to the corresponding period of the previous year and amounted to BGN 9.6 B.

Bulgaria registers 4.3% inflation y/y in June 2011

The consumer price index (CPI) in Bulgaria in June 2011 compared to May 2011 was 99.1%, meaning the monthly inflation was -0.9%.

EU Puts Forth Internal Border Checks as Part of Schengen Reform

The leaders of the EU member states have agreed to reform the borderless Schengen Area with a "safeguard mechanism" to allow for reintroduction of internal border checks by member nations.

Bulgaria's Retail Remains Stable in April 2011 M/M

In April 2011, the turnover in retail trade in Bulgaria, calculated on the base of seasonally adjusted data at constant prices, fell by 0.2% compared to the previous month.

Bulgaria Economy Grows 2.5% in Q1 y/y

The country's gross domestic product grew by 0.4% quarter-on-quarter, following a 0.5% expansion in the previous quarter, downwardly revised from 2.1%.

Producer prices in March continued to rise

EC: Bulgaria Boosts Exports, GDP to Grow 2.6% in 2011

Net exports are expected to have been the main growth driver in 2010. Together with a build up inventories, these should almost compensate for the negative contribution of domestic demand in Bulgaria.