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What Do Bulgarian Companies Expect from the Business Environment in 2019

A total of 54% of the Bulgarian companies expect an improvement in the business climate in 2019, and they are mainly concerned about the shortage of qualified staff and the prices of energy and raw materials, according to a survey of the Bulgarian Chamber of Commerce and Industry (BCCI). The survey is part of a large-scale European Economic Survey, EES 2019,  involving more than 45 000 companies from 26 countries.

The results for Bulgaria are based on the opinion of 504 companies from all sectors in the country. The company managers have shared their expectations regarding the biggest challenges and difficulties, as well as the expected earnings, employment, investment and the business climate in general. The Bulgarian companies have positive expectations for 2019, but they are lower compared to 2018, when 63% of the companies expected an improvement in the business climate.

The worst fear of the companies in Bulgaria is that they will face great difficulty in finding employees with the necessary profile and skills. Furthermore, they are worried about domestic demand revenues and energy and raw material prices. The results for Europe as a whole are similar. In the overall results, the greatest concern is labor costs, followed by the lack of qualified staff and domestic demand.

In terms of the other indicators, Bulgaria ranks among all 26 countries in the survey as follows:

  • 15th in terms of positive expectations for sales revenue in the country
  • 13th in terms of positive expectations for sales revenue at foreign markets
  • 13th in terms of employment
  • 11th in terms of investments
  • 8th in terms of positive expectations for the business climate as a whole

The main findings and link to the full report of the 26th Economic Survey in Europe of Eurochambers are available here

Bulgaria participates in the survey for the 20th time. The BCCI report is published here.