Business Sentiment Improved in April

Written by: Editor

The business sentiment improved in Bulgaria in April. The positive evolution was driven by a change of expectations in sales in the upcoming months across a wide array of business sectors. The overall sentiment grew by 2.8 percent, as revealed by the National Statistical Institute in the country. Our team of lawyers in Bulgaria can help investors from various business fields start a company in one of the high-performing business fields.

Retail and services, the promoters of growth in Bulgaria

The business sentiment improvement has picked up across a variety of business fields, with retail and services among the top four business sectors. The main factor that drove this growth was the fact that companies predicted stronger sales expectations for the coming months. 
What’s more, the services industry is also expecting increased revenue because of the start of the tourism sector in Bulgaria. The country is known both for its sea resorts and the inland tourist destinations where visitors are welcomed with quality services at lower prices than in the rest of Europe. Investors who wish to know more about how to open a company in Bulgaria in the tourism or the services industry can send an inquiry to one of our attorneys Bulgaria.

Increases also predicted for industry and trade

Companies in industry and trade expect their situation to improve in the coming months due to a predicted increase in orders from abroad and better sales expectations. Orders in the construction industry have continued to grow, with Bulgarian business owners in this field expecting to receive an order during the next six months. Employment remains a challenge in the field, with managers looking for qualified workers.
Foreign investors interested in knowing more about the investment climate in Bulgaria across different sectors can contact our law firm in Bulgaria for more details. One of our lawyers will be able to answer any questions concerning the laws for investments and the special permits and licenses needed in some business fields like construction or hospitality.