Podcast in English
Text size
Bulgarian National Radio © 2023 All Rights Reserved

Turkey - most preferred partner for Bulgarian business


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.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Businesses, trade unions and what they are expecting of the new government of Bulgaria

The National Assembly unanimously approved, at first reading, a decision to extend the deadline for collecting revenue, and making payments and transfers from the state budget until a budget for 2023 is adopted. The definitive decision on the state..

published on 6/9/23 1:53 PM

Land prices have increased 6 times in a decade

Agricultural land prices in Bulgaria have increased more than 6 times in the last 10 years . If in 2010 one decare (4 acres) of land cost an average of BGN 287 (EUR 146.74), then in 2022 the price is already BGN 2,787 (EUR 1,424.97), according to data..

published on 6/8/23 6:18 PM

Solar parks provide more than 31% of electricity production in Bulgaria

The huge interest in solar energy in Bulgaria can be explained by high electricity prices as well as market uncertainty, especially after the start of the military conflict in the region. Solar power plants in the country are rapidly increasing their..

published on 6/7/23 5:58 PM