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

Germany is among top 3 investors in Bulgaria

Mitko Vassilev, chairman of the German-Bulgarian Chamber of Industry and Commerce
Photo: Library

Data from the Bulgarian National Bank for the period January-November 2020 shows that Bulgaria has attracted 141.1 million euros of German direct investment. According to this indicator, only the Netherlands and Austria are ahead of it, Mitko Vassilev, General Manager of the German-Bulgarian Chamber of Industry and Commerce, told Economy.bg. 


Due to the pandemic, for the same period trade marked an expected decline - by about 3% compared to the same period in 2019. Bulgaria has exported goods worth 4.24 billion euros to Germany, and imports amounted to 3.32 billion euros. 

During this year for the 17th time in a row, the German Economy Award will be presented to companies that have contributed to the development of German-Bulgarian economic relations.



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

Krassen Stanchev

Despite the political crisis in the country, the economy is developing steadily, Krassen Stanchev says

The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..

published on 8/22/24 11:22 AM

Bulgarian government approves a €120m solar panel project with Smart Solar Technologies AD

The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant."  This project will be..

published on 8/21/24 2:40 PM

Families are taking out more quick loans to cover consumer expenses

For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..

published on 8/19/24 8:50 AM