The garment and textile manufacturers of Bulgaria have recorded a growth of 20 percent in sales in the initial nine months of 2010, from a year ago. In spite of the growth, the production in the garment and textile sector of Bulgaria is far behind its pre-recession levels.
In the last quarter of 2008, the garment and textile manufacturing industry in Bulgaria had released numerous workers as the economy was hit by recession.
Most of the Bulgarian producers manufacture garments which fall in the average as well as expensive price range. Around 90% of the Bulgarian garments are exported to other parts of the European Union.
Of the 27 member nations of the European Union, Bulgaria is one of the five nations which combined produce 75% of the garments and textiles available in the European market. Bulgaria exports its garments to UK, Germany, Italy, Portugal and Spain.
It also works for some of the best international brands. This is attributed to factors like availability of well-equipped factories and skilled workers in the country. Necessary measures have also been taken to evolve a new policy for the development of the apparel and textile sector in the country.
Inadequate supply of credits and illegal production of commodities, or in other words, the prevalence of gray economy are the main hurdles in the way of smooth functioning of the textile industry in the country. Despite these challenges, the garment industry is progressing pretty well and the sales are also expected to rise in the upcoming season.
Fibre2fashion News Desk-India
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