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.
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
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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