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.
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
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