site.btaIndustrial Investments Decrease in 2015 and 2016

Industrial Investments Decrease in 2015 and 2016

Sofia, April 15 (BTA) - Expenses for the acquisition of tangible and non-tangible fixed assets in Bulgaria's industrial sector decreased by 24.2 per cent in 2015 compared with 2014, according to latest data published by the National Statistical Institute (NSI) on Friday. An NSI poll shows that in 2016 the country's industrial enterprises are planning to reduce their investments by a further 4.2 per cent.

In 2016, some 83 per cent of planned expenses for the acquisition of tangible and non-tangible fixed assets in the industrial sector will be incurred by private companies. They will downsize their industrial investment programmes by 11.8 per cent this year.

The manufacture of intermediate consumption goods accounts for the largest share of expected industrial investments in 2016, at 35.1 per cent. This type of investments will decrease by 2.4 per cent compared with 2015. The second-largest share is that of energy and water businesses, at 31.3 per cent. In this category, investments will increase by 7.3 per cent. The manufacture of non-durable consumer products accounts for the third-largest share, at 16.6 per cent. This type of investments will decrease by 28.6 per cent.