Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian commerce shows high appetites towards markets outside EU

Photo: Gallery

The ministry of economy has declared its intention to unveil Bulgaria’s commercial representations in Cuba, Mexico and countries from North Africa. The sending of commercial attaches to Singapore and Indonesia has also been considered. The new part of that intention is the expansion of the destinations’ list by Cuba and Mexico. In January the ministry explained the redirecting of commercial representatives to eastern countries with the reasoning that our business should be supported in overcoming its losses from the Russian embargo. The Oresharski government had the same ideas, but with the reasoning that the relations with the EU were too smooth yet at the macro level and no representations had been necessary after the 2007 accession. Bulgaria had commercial and economic services in 44 states and 90 percent of this country’s export went to those. However, the current government intends also to improve the preparation and selection of these services’ HR. Changes are also envisaged in the services of the Bulgarian Export Insurance Agency, in order for the latter to become more attractive and profitable to the Bulgarian exporter. The ideas of the cabinet meet the full approval of the business, as we still remember the period when this country had huge exports to Middle East states, in terms of size and diversity, for instance. However, there are mainly relatively small producers within the Bulgarian economy today and that redirecting also suggests the cooperation of many small producers under one trademark. That is why in these times of decentralized economy the redirection is not only within the authority of the executive power, but also depends on its cooperation with business. That is why the ministry considers the assignment of attaches in the form of public-private partnership, in case there are states where the business wants commercial attaches, but the institution doesn’t envisage such assignments. The ideas for redirection of Bulgarian commerce towards markets outside the EU are a clear necessity, as so many different governments share those, but for now we only listen to words…

English version: Zhivko Stanchev




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Tsaribrod

The "Shopi Nation", or how a Bulgarian ethnographic group becomes a Serbian "diagnosis"

In mid-January this year, eight Bulgarian cultural and educational associations from Bosilegrad, Tsaribrod, Zvontsi, Vranje, Pirot and Niš sent an open letter to the President of Serbia, Aleksandar Vucic, the Ombudsman, Zoran Pasalic, the Delegation of..

published on 2/6/25 9:20 PM

Balkan Developments

Fire kills dozens in Turkish mountain resort Kartalkaya 78 people died in a hotel fire in the Turkish ski resort of Kartalkaya in north-western Turkey. Celebrities and entire families were among the dead, and dozens..

published on 1/24/25 5:07 PM
 Hristijan Mickoski

Mickoski: The Macedonian issue is not closed because Bulgaria does not respect the rights of the Macedonian minority

North Macedonia’s Prime Minister Hristijan Mickoski stated that the Macedonian issue is not closed, because the European Court of Human Rights has ruled that the rights of people with a Macedonian identity in Bulgaria are not being respected...

published on 1/24/25 10:55 AM