Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Metallurgical Industry Boasts Modest Recovery in 2010
BULGARIA'S METALLURGICAL INDUSTRY BOASTS MODEST RECOVERY IN 2010
Date: 05/10/2010
Source: novinite.com
Bulgaria's Metallurgical Industry Boasts Modest Recovery in 2010

After the 2009 collapse, Bulgaria's metallurgical industry has started to make a comeback with growth of 3.7% in the first nine months of 2010 year-on-year.

Thus, in January-September 2010, the Bulgarian metallurgical plants produced a total of 562 100 tonnes of steel. The production of non-ferrous metals has also started to grow, though by an even smaller share.

This becomes clear from data of the Bulgarian Association of the Metallurgical Industry (BAMI) released Friday, November 5, which in Bulgaria is celebrated as the Day of Metallurgical Workers.

The news about the growth of the steel industry comes just after the failure of the second auction for the assets of what once was Bulgaria's steel giant and is now bankrupt because of mismanaged and allegedly draining, the Kremikovtzi steel mill.

BAMI forecasts that Bulgaria's 2010 steel production will surpass the 2009 output.

Yet, tven though the Bulgarian metallurgical sector has started growing again, its growth is very modest, and it is far from reaching the pre-crisis level after the 2009 collapse by some 50%, according to Politimi Paunova, BAMI Director, as cited by the Bulgarian financial newspaper Pari.

Paunova believes that Bulgaria has the pontetial to become a hub for the production of non-ferrous metals. As far as the steel-production is concerned, in her words, if the Kremikovtzi steel-maker does not recover and start production again, Bulgaria will become a net importer of steel.


Topic: Economy



Featured District
VELIKO TARNOVO DISTRICT AND CITY INFORMATIONVeliko Tarnovo
Invest Bulgaria Charts
Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

Gross External Debt of Bulgaria
Gross External Debt of Bulgaria

See all charts
Did You Know?
Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Stara Zagora Region is rich in  thermal mineral springs with a large number of spas and health centers to facilitate the use of the healing waters. The rich soils of the Region make it ideal for productive agriculture and food processing.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members