In the period January - August 2020, exports of goods from Bulgaria to the EU decreased by 6.7% compared to the same period in 2019 and amounted to just under 12 billion euros. This is shown by NSI data. Bulgaria's main trade partners are Germany, Romania, Italy, Greece, France and Belgium, which account for 70.3% of exports to EU Member States.
The imports of goods from the EU to Bulgaria decreased more for the same period - 12.3%. Imported goods also total just under 12 billion euros. Bulgaria imports goods mostly from Germany, Romania, Italy, Greece and the Netherlands.
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in..
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