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Textile sector tries to claw back
19 Sep '09
1 min read
The textile sector in Bulgaria, which provides employment to around 140,000 people is displaying signs of working out its way, as signs of recovery, begin to emerge, said a high ranking official of a textile trade body.
According to the official, "The current decline in production, demand, and exports is likely to dissipate soon and the sector sets highest anticipation and hopes on the upcoming spring-summer season in 2010”.
The official was speaking during the opening ceremony of the Balkan textile exhibition and added by saying that export business in the textile sector has witnessed a dip of nearly 21 percent in 2009.
But optimism was based on the fact, local producers' have the potential to meet substantial orders in a short period of time while maintaining high standards, quality and service is the industry's main asset.
However, experts stress that perpetual uncertainty among producers in the sector could harm the industry's future development. In particular, the lack of firm state support for local producers is cited as a pivotal factor.
According to the official, "The current decline in production, demand, and exports is likely to dissipate soon and the sector sets highest anticipation and hopes on the upcoming spring-summer season in 2010”.
The official was speaking during the opening ceremony of the Balkan textile exhibition and added by saying that export business in the textile sector has witnessed a dip of nearly 21 percent in 2009.
But optimism was based on the fact, local producers' have the potential to meet substantial orders in a short period of time while maintaining high standards, quality and service is the industry's main asset.
However, experts stress that perpetual uncertainty among producers in the sector could harm the industry's future development. In particular, the lack of firm state support for local producers is cited as a pivotal factor.
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