Gloomy forecast for Bulgarian textile and clothing companies

2019 was a difficult year for Bulgarian textile and clothing manufacturers. The total revenue of the 15 largest companies in the sector grew by just 1.8% and barely exceeded BGN1bn (US$605m).

About half of the companies reported lower turnover; two companies continue to operate at a loss; five companies reported declining profits, while four achieved double-digit growth.

For the full story, see the September 2020 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE