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ISO 9001:2015
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The BCCI presented the Eurochambres Economic Survey 2015
For the 22nd consecutive year Eurochambres conducted its annual survey – the Еurochambres economic survey 2015. It summarizes the expectations of over 60000 companies in Europe. Only the BCCI examines the business expectations in Bulgaria and this is the 16th time that our country has participated in this initiative so far. Six hundred and eighteen BCCI’s member companies responded for EES 2015 during September 2014.
At a press conference the Chamber’s President Tsvetan Simeonov pointed out that forecasts for Bulgaria showed a slight upturn as compared with the previous survey, which suggests recovery, albeit slow. Bulgarian companies are among the top ten countries with optimistic expectations for export revenues and employment, while business climate prospects, sales in the country and our investments assigned us lower positions.
Business Climate
About a third (36%) of the companies expect to improve their output in 2015, 17% predict a decline, and almost half (47%) believe that their economic development in 2015 is set to remain on the same level as the one in the preceding year. The indicator of business climate in our country in 2015 marks an improvement as compared with the results for 2014, but there are risks because of the instability and the fragile economic recovery.
Export Revenues
Traditionally, companies in our country attach higher hopes to sales abroad, as compared to their domestic sales revenues. Nearly half (48%) believe that they will be able to register export growth next year. Exports rates in 2015 are expected to grow, but at a slow pace, because of geopolitical tensions and uncertain global environment. Businesses do not expect a significant increase in domestic demand, 52.6% predict that their earnings in 2015 will be about the same on a year-on-year basis.
Employment
Employment is perceived to remain stable for a second consecutive year and 64% of the respondents believe that they will keep the number of their employees. The share of the companies predicting a decline in employment is on the decrease (from 11% in 2014 to 9% in 2015). The encouraging signs of employment, however, are put at risk because of possible pressure on the labor market.
Investments
There is some improvement in terms of investments, although a lot of companies still tend to maintain the level of 2014 (according to 53%). 36% declare their plans for more investments next year. About 11% consider reducing their investment as compared to 16% in last year's survey.
05.12.2014
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