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.
Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the eurozone , the BNB announced. The meeting was held in Sofia at the invitation of Hungarian..
With a growth of 2.2 percent, Bulgaria is among the top 6 countries in the EU, Caretaker Minister of Economy Petko Nikolov reported during the ceremony of presenting the annual awards of the Bulgarian Chamber of Commerce and Industry..
Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in terms of EU grant assistance. The problem is particularly severe in the Southwestern region, which..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating..
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