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Industrial enterprises in Bulgaria plan to decrease investment by 30.4 pct: survey

Xinhua, April 14, 2015 Adjust font size:

Industrial enterprises in Bulgaria's plan to decrease investments by 30.4 percent this year in comparison with the previous year, the National Statistical Institute (NSI) said Tuesday.

The managers of the private sector expected a decrease of their investments programs by 37.8 percent compared to 2014, according to the investment business inquiry carried out among industrial enterprises in March 2015.

The share of the private sector in the total volume of the expected expenditures for acquiring fixed tangible and intangible assets in 2015 was about 81 percent, NSI said.

According to the main industrial groupings, the energy and water-related industries expected decrease of 34.4 percent in comparison with the previous year, followed by the producers of non-durable goods and producers of intermediate goods who expected a decrease of their investment programs by 29.1 percent and 26.9 percent respectively.

In 2014, the expenditures for acquiring fixed tangible and intangible assets in industry rose by 3.9 percent compared to 2013, NSI added.

The reasons for the expected drop in investment in 2015 were not available in the survey.

A similar survey conducted in March 2014, recorded that in 2013 the expenditures for acquiring fixed tangible and intangible assets in industry were by 6.3 percent more compared to 2012, and the plans of industrial enterprises in 2014 were for a decrease of investments by 6.3 percent in comparison with the previous year. Endit