Home / Knowledge / News / Apparel/Garments / Apparel and textile sales register good growth
Apparel and textile sales register good growth
07
Oct '10
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


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X