Industrial investments in Bulgaria to drop by 6.3% in 2014

Bulgaria's industrial enterprises in 2014 would decrease their investments by 6.3 percent year-on-year, compared to a 6.3-percent growth in 2013, the National Statistical Institute (NSI) said Friday. The managers of the private sector expected a decrease of the investments programs by 15.3 percent compared to the previous year, according to the NSI survey of industrial enterprises concerning their investment plans for 2014. The share of the private sector in the total volume of the expected expenditures for acquiring fixed tangible and intangible assets in 2014 is about 84 percent, NSI added. According to the main industrial groupings, the energy and water-related industries expected an increase of 1.7 percent in comparison with 2013, while the industries producing intermediate goods and these producing non-durable goods said they would decrease their investment programs by 13.6 percent and 14.1 percent respectively, NSI said.