Bulgarian exports continue to grow and in 2022 reached 50.25 billion US dollars, or 21% more in comparison to 2021, according to an analysis by the Bulgarian Industrial Association. Bulgaria climbed to 57th place in the world in terms of exports from 59th place a year earlier. It retains 20th place in the EU. For 5 years, exports have grown by an average of 11% annually. This means that Bulgaria continues to gain positions on world markets.
Bulgaria has a positive trade balance in 7 out of 10 leading export markets, including Germany, Italy, France, Belgium. The biggest negative balance is with Russia, China, Turkey and the Netherlands. Raw materials and energy carriers make up 1/3 of exports, but the export of electrical equipment, electronics, machines and devices is also on the rise.
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
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..
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