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Bulgaria’s industrial production falls further by 17.7% y/y in February

The industrial production index fell by real 17.7% y/y in February as compared to revised 18.4% y/y in January, according to preliminary data of the statistical institute. The preliminary estimates showed contraction of 13.3% y/y in January when the operations of the local companies were affected adversely by the suspension of natural gas imports from Russia in January 6-21 and many firms ceased or cut significantly their production.

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