Bulgarian industrial growth and structure: 1970–89

‘Lenin’ and ‘Brezhnev’: Steel making and the Bulgarian economy, 1956–90

“…One analyst represents this sector as soaking up investment resources, including huge Western credits, to expand up to the bitter end, while one sector after another fell away to 'appease the insatiable hunger of the leader of Bulgarian industry'. 69 Metals and engineering between them accounted for 64.8% of all exports in 1981-83. 70 These industries ran up heavy dollar debts but most of their outputs were sold for transferable rubles, since there was little demand for them on hard currency markets.…”