In 2020 the export of goods from Bulgaria to the EU has gone down by 4.1% compared to 2019, and amounts to over 18.3 billion euro, BTA reports.
According to data of the National Statistical Institute Bulgaria’s principal trading partners are Germany, Romania, Italy, Greece, France and Belgium which form 70.2 % of the export to the EU countries. In December 2020 the export of goods from Bulgaria stands at around 1,390 million euro. The biggest increase registered in the export of goods from Bulgaria to the EU in 2020 is in the sectors - animal and vegetable oils, fats and waxes (32.3 %), and non-alcoholic and alcoholic beverages and tobacco (23%). The biggest decline is in the sector mineral fuels, oil and similar products (42.7 %). The import of goods to Bulgaria from the EU in 2020 dropped by 9.2 %, amounting to over 18 billion euro. The biggest imports are from Germany, Romania, Italy, Greece and the Netherlands. In December 2020 the import of goods to Bulgaria from the EU countries went up by 1.3 % compared to the same month of the previous year and stands at over 1,500 million euro.
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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