Daily webcast

Bulgarian National Radio © 2021 All Rights Reserved

Bulgarian exports have gone up by 20% over past 5 years

Photo: archive

In 2020 Bulgaria exported commodities worth USD 31.8 billion, a drop of 4.4% compared to the pre-pandemic 2019 when exports amounted to USD 33.4 billion.  

Bulgaria climbs to 58th from 60th position in 2019 among all exporters globally. Within the EU, Bulgaria is in 21st position, in 2019 the country occupied 20th position, the Bulgarian Industrial Association has announced. Electronics accounted for the biggest share of exports in 2020 at USD 3.5 billion.

Over the past five years Bulgarian exports have increased by 20%. By way of comparison, exports in the world have marked a 3% increase over the same period, and a 7% drop in 2020. The increased competitiveness is due most of all to the international companies in Bulgaria, and to a lesser degree to local companies, the Association notes. 

More from category

Inflation is not uncommon in a period of recovery from a global crisis

The price of electricity for the industry reached BGN 300 (EUR 150) per megawatt-hour, just four days after the third caretaker government within the mandate of President Rumen Radev took office. According to Prime Minister Stefan Yanev, the..

published on 9/23/21 2:21 PM
Bulgarian National Bank

Bulgarian National Bank to restrict mortgage loans as of 2021

The Bulgarian National Bank has taken a decision to restrict mortgage lending. The Board of Directors has decided to increase the capital buffer for banks' risk loans from 0.5% to 1% from 2021. The measure aims to ensure that vaults have sufficient..

published on 9/23/21 10:06 AM

Bulgarian industry calls for energy aid

The Bulgarian Industrial Capital Association has asked the government for a short-term measure to provide energy aid to Bulgarian business. The industry is calling for compensation for the consumed electricity in the period October 1..

published on 9/21/21 12:42 PM