The Atradius Payment Practices Barometer for September 2019 reports that Bulgaria's economy is expected to grow at above 3% in 2019, driven by strong household spending, wage growth, and an improving labor market. The banking sector is well-capitalized and more resilient to shocks than in the past, providing businesses with favorable conditions for accessing financing. However, the country's long-term economic growth prospects are hampered by the slowdown in the euro area and the shortage of labor force. The proportion of total B2B sales made on credit in Bulgaria is reported to be around 60%. The country's top 5 export partners are Germany, Italy, Romania, Turkey, and Greece, with manufactured goods, machinery, transport equipment, and chemicals being the top exports.
