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

President Rumen Radev

President Radev comments on his refusal to invite DPS-New Beginning to consultations

''The talks with a parliamentary group which had stated categorically in advance that it would not participate in the process of forming a government and calls for immediate new elections are pointless'', President Rumen Radev said with regard to his..

published on 12/12/24 9:42 AM
President Rumen Radev

Last day of consultations with the President on the formation of the Cabinet 

President Rumen Radev's consultations with parliamentary groups continue. Today, he will meet representatives of the Alliance for Rights and Freedoms (led by Ahmed Dogan), There is Such a People (ITN) and MECH. Radev has already held talks with..

published on 12/12/24 8:15 AM
Kostadin Kostadinov (left) and President Rumen Radev

Vazrazhdane party states readiness to form government if given 3rd mandate

At today's consultations with President Rumen Radev on forming a government within the 51st National Assembly, the leader of the nationalist Vazrazhdane party, Kostadin Kostadinov, said that if Vazrazhdane was given a third mandate to form a government,..

published on 12/11/24 4:57 PM