MACROECONOMIC PROFILE

Sectoral structure of the local economy

Ruse maintains sustainable traditions in a wide range of business sectors but at the same time creates conditions for the development of new industries.

In 2016 there are 11 469 enterprises in Ruse District, which provide employment for 69 406 people. The net sales revenue amount to BGN 7 416 million and the production was worth BGN 4 574 million. 72% of the enterprises in the District ended 2016 with a positive financial result.

The economic activity in the Ruse District is concentrated mainly in Ruse Municipality: about 80% of the total number of enterprises, the volume of the net revenues and the production of the region.

Since 2011, the number of non-financial enterprises in the municipality has steadily increased and in 2016 it reached 9 611. The biggest number of enterprises is of those operating in the trade sector, followed by those in the manufacturing industry. Many companies are also active in the field of transport, hotel and restaurant services, real estate and construction. These are the economic activities of decisive importance for the economy of Ruse - they contribute to most of the production in Ruse Municipality, with the largest number of active enterprises with the largest number of hired and employed workers concentrated in them.

 

Number of non-financial enterprises in Ruse Municipality

Source: National Statistical Institute – Territorial Bureau of Statistics – Ruse

Although the sectoral structure is well balanced, Ruse Municipality has a strong industrial profile and a well-developed industry. In 2016, the manufacturing enterprises in Ruse represented 86.7% of those in the District.

The metallurgy, mechanical engineering and metalworking are of key importance for Ruse Municipality. The main production of the sector includes river and sea-river ships, scissor lifts, hydraulic equipment, agricultural machinery, assemblies and parts, steel pipes and fittings. Leading companies include Dunarit JSC, SET JSC, Zhiti JSC, Sparky JSC, Naiden Kirov JSC. The activities in the field of the automotive industry and production of automotive parts and tools, transport and construction machines of companies such as WITTE Automotive Bulgaria SMLLC, Montupet SMLLC and MBM Metalwork LTD occupy an increasingly important place in the portfolio of economic sectors in Ruse Municipality. Here is also located the only manufacturer of locomotives in Bulgaria - Express Service LTD. 

The chemical industry is also well developed. The city has established positions in the production of motor and industrial oils, varnishes and components for their production, foil plastic products, foamed latex products and insulating materials. Established companies in this field include Prista Oil Holding Solely Owned JSC, Orgachim JSC, Megachim JSC, Marisan & Kolev JSC.

The textile industry is of crucial importance for the economic development of the Municipality and the region. The companies in Ruse provide production for markets in Germany, France, Italy and the Middle East. Among the leading companies are Richmart SMLLC, Ariston-S LTD, BTB Bulgaria JSC, Delta Textile Bulgaria SMLLC, Danini Fashion SMLLC, Markam Fashion SMLLC.

Production of non-financial enterprises by economic activities in Ruse Municipality /thousand BGN/

Source: National Statistical Institute – Territorial Bureau of Statistics – Ruse

In recent years, new sectors with high added value for the local economy have been developing rapidly. Given the strategic geographical location of Ruse Municipality and the existence of long-standing educational traditions, the ICT-based and outsourcing industries stand out with excellent growth prospects.

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