Germany has lost its former leading position as the most preferred business partner for Bulgarian companies, according to a recent survey by the Bulgarian Chamber of Commerce and Industry.
The leading position is now held by Turkey, Bulgaria's southern neighbour. However, the difference between the two countries is only 1%. On the top six preferred partners of Bulgarian business are also China, Great Britain, Italy and the USA.
Partnerships in areas such as machines and equipment manufacturing and trade, food and beverage industry, construction, transport and logistics are important for domestic entrepreneurs.
Turkey tops the rankings following the growth in bilateral trade. As of October 2022, exports of Bulgarian goods to Turkey had increased by 34% and imports by 62% compared to the same period in 2021.
In the survey, 70% of the Bulgarian entrepreneurs interviewed said that the deterioration of the geopolitical situation on the Eastern European border had had an impact on their business. 28% said that the war between Russia and Ukraine had not affected their business.
“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..
In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..
Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..
+359 2 9336 661