Text size

Germany is among top 3 investors in Bulgaria

published on 1/28/21 6:58 PM

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!

Radio Bulgaria Economy Bulgarian National Bank direct investment German-Bulgarian Chamber of Industry and Commerce Germany

More from category

NSI: Business expectations fall due to uncertain economic environment

In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported..

published on 9/30/24 2:02 PM

New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..

published on 9/28/24 5:05 AM

The EBRD lowers growth forecasts, but is optimistic about inflation

The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...

published on 9/26/24 1:17 PM