Bulgarian Textile Industry More Appealing To Foreign Investors

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Bulgarian textile industry

Textile and clothing industries in Bulgaria are at their peak as the export of garments and fabric reached a record-high of EUR 1.8 B last year.

The statistics show an increase of about EUR 130 M, or 8.5%, compared to the previous year, Bulgarian newspaper Presa reports.

Expectations for 2014 are also optimistic as the sector seems to recover from the impact of the world crisis.

Prior to 2008, textile and clothing industries were thriving, but the economic turbulence forced many businesses to close or to cut their production. 2012 marked a renewal of the sector and placed Bulgaria and Romania as one of the top markets in the region. The two countries are dwarfed by key players as Turkey and Italy, but hold high expectations of development.

More than 120 000 people in Bulgaria work in the textile industry.

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