5410 enterprises and firms from Gabrovo region were active in 2003. The main part of them 4 651(90,5%) are micro enterprises with up to 10 employees. 102 of the active firms belong to the agricultural branch, 1167 – to the industrial and 3871 are engaged with service delivery. Most of the working companies are private - 98,99%. Only 52 firms are municipal.
The net sale revenues for 2003 are 1200,6 million leva and 97,0% of them are from the private sector. The greatest share of revenues comes from the branches “Mining and processing industry”, “Electricity, gas and water-supply” and “Building and construction works”.
GROSS DOMESTIC PRODUCT (gdp) AND GROSS ADDED VALUE (gav) FOR 2002
In 2002 the companies in Gabrovo region realized gross added value for 524 426 000 leva. The sector of service delivery has the greatest share - 45,43 % of the added value for the region. The Gross domestic product index for Gabrovo region is higher than the average for the country and for North Central Planning Region.
76 enterprises with foreign participation are registered at the end of 2003 in Gabrovo region. Compared to 1999, the number of foreign companies on the territory of Gabrovo region increased twice. Most of them work in the sphere of trade, textile and clothes production, and metallurgy.
178 million dollars are invested in Gabrovo region for the period 1992-2003. The main investors are American Standard, Hamberger, Dzalli, etc. Territorialy speaking the direct foreign investments are concentrated in Sevlievo municipality, where the biggest investor is American Standard, whose Bulgarian enterprises Vidima Ideal and Ideal Standard are specialized in manufacturing sanitary faience and industrial fittings.
The total amount of direct foreign investments in North Central Planning Region (NCPR) is 360 324,3 thousand USD and Gabrovo region takes 42,65% of them leading before the other four regions included in the NCPR.
The following industrial branches are developed in Gabrovo region
- Hoisting machines production - Production of textile machinery - Metal-processing - Production of metal-cutting instruments and metal constructions - Casting - Production of rubber and plastic goods - Sanitary faience and sanitary equipment - Carriage production - Leather and shoe industry
