Skip to content

Bulgarian Textile Industry Up by 18-22% for 2 Months

1 min read Textile Source: Novinite

From our news archive: this article was published in September 2010. Figures and rules may have changed since.

Representatives of the Bulgarian textile industry have stated they have been overwhelmed with orders and they had to turn down some of them due to lack of capacity.

The Bulgarian Association of Apparel and Textile Producers and Exporters has forecast a strong season and is expecting revenues, comparable to those of 2008, the Bulgarian National Radio has reported.

The VP of the Association, Bertram Rollmann, has stated that the orders in the sector increased by 18-22% for the past two months.

"The problem is the lack of employees we lost during the crisis. The textile industry in Bulgaria could employ up to 30,000 people in the next year," Rollmann said.

He has expressed his hope that in the next 5-10 years Bulgaria will have a very competitive "Textile and Clothing" sector because, in his words, it would also be very important for the development of the Bulgarian economy.

According to Rollmann, Europe is expecting Bulgaria and the Balkans to have a key role in the industry of clothing production for the EU.

Originally published by Novinite.

Business

Bulgaria Mushrooming Malls Top EU List

Bulgaria ranked first in the European Union in the number of new shopping malls in the first half of the 2010, a report by Cushman and Wakefield consultancy showed. While...

Business

Bulgaria's M-Tel Acquires 2 Internet Companies

The leading Bulgarian operator Mobiltel has signed pre-arrangements for the acquisition of two Bulgarian cable operators, Megalan Network and Spectrum Net. The price of t...