Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Foreign investment shrinks amid pandemic, Bulgarian National Bank reports

Bulgarian National Bank
Photo: Ani Petrova, BNR

Bulgarian exports fell by more than 1.8 billion euros in the period from January to October compared to the first ten months of 2019, data of the Bulgarian National Bank shows. Imports for the same period shrank by 2.9 billion euros. 

The exports of goods for the first ten months of the year amount to over 22.5 billion euros, as the decrease compared to the same period in 2019 is 7.5 percent. Imports have decreased by 10.9%, as by the end of October imports amounted to 23.6 billion euros. 
The trade balance is negative, but on an annual basis the deficit shrinks to two percent. 
Foreign direct investment amounted to EUR 665.8 million by October, decreasing by EUR 455.5 million or 40.6% compared to the same period in 2019, according to BNB data, quoted by the BNR.


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

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

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..

published on 7/5/24 1:44 PM

BNB sets base interest rate at 3.63% as of July 1

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,..

published on 7/1/24 8:52 AM

EC: Bulgaria still not meeting eurozone criteria

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..

published on 6/26/24 1:51 PM