Industrial establishments plan to cut investments by 30.4% on an annual basis in 2015, according to data provided by Bulgaria’s National Statistical Institute (NSI).

According to a survey conducted among industrial establishments in March 2015, expenditure on acquiring fixed tangible and intangible assets in industry increased by 3.9% on an annual basis in 2014.

Industrial establishments expect a decrease in investments by 30.4% in 2015 as compared to 2014.

The private sector’s share in the total volume of the projected expenditure on acquiring fixed tangible and intangible assets in 2015 stands at around 81%, with managers in this sector foreseeing a 37.8% decrease in investments programs compared to 2014.

Energy and water-related industries account for the largest share of investments in 2015 (36.3%), yet a decrease of 34.4% on an annual basis is expected in these sectors.

The second-biggest share is that of industries manufacturing intermediate goods, at 34.1%. These industries are expected to experience a 26.9% decrease in investments in 2015.

The third-biggest share is that of industries producing non-durable goods (16.9%), where investments are to drop by 29.1% from 2014.