Банкеръ Weekly

Briefs

BULGARIA'S INDUSTRIAL EXPORTS UP 14.8% IN FEBRUARY

Bulgaria's February industrial exports rose 14.8 percent, year-on-year, due to sustained increase in exports of electricity and chemicals, announced Reuters, citing figures from the statistics office NSI. Receipts from domestic industrial sales also rose by seven percent in February, compared to the same month last year. February's increase in domestic sales was the first since early 2000.
February receipts from exports of electricity, gas and water surged 160.6 percent year-on-year, exports of chemicals rose 4.7 percent and exports of clothing increased by 11.9 percent. Local analysts had attributed the surge in electricity sales to increased power exports to Turkey. Last year, the two neighbor countries agreed to increase annual Bulgarian power supplies to four billion kWh in 2001 from 3.2 billion in 2000. Bulgaria's chemical fertilizer producers had sharply pared sales to the local market due to strong export demand this year, industry officials said but declined to give figures. Last year, Bulgaria's industrial exports jumped 26.1 percent compared to 1999 due to a rise in global prices for the country's main exports and a strong dollar.

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