Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian companies prefer to look for trading partners in Germany

Germany is Bulgaria’s main and biggest trading partner, preferred by 43 percent of Bulgarian companies, indicates a survey by the Bulgarian Chamber of Commerce and Industry.

In 2018 Germany came second, after China, but due to the trade disputes with USA, the language barrier and the long distance between the two countries, China has dropped behind. Turkey, Switzerland, Russia and the United Arab Emirates are the next countries in the top 5.

More than 77 percent of Bulgarian companies are interested in cooperation with foreign partners so as to increase their exports. Bulgarian businesses have an interest primarily in partnership with companies in the sphere of machines and equipment – 43 percent, services – 26 percent, food and drink – 24 percent, construction – 19 percent. But two-thirds of companies are not entirely familiar with the conditions for doing business and trading with the countries they want to have business relations with, the survey shows. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The state will guarantee a 79 million euro loan for the restoration of Chaira Hydro Power Plant

The caretaker cabinet has approved state guarantees amounting to over EUR 79 million under loan agreements with the National Electric Company for financing the investment project on the modernization and rehabilitation of Chaira Hydro Power Plant...

published on 10/30/24 2:58 PM

No Bulgarian citizens have been reported injured after the floods in Spain's Valencia region

According to the Bulgarian Consulate General in Valencia, no Bulgarian citizens have been reported dead or injured, the press office of the Bulgarian Ministry of Foreign Affairs told the BNR. There have been no reports of Bulgarian citizens in..

published on 10/30/24 2:54 PM
PM Glavchev at today's cabinet sitting

Caretaker PM Glavchev calls for the speedier formation of a regular cabinet

“I call for restraint on the part of politicians and for a constructive dialogue because the formation of a regular and stable government, such as we all want, is in their hands,” said caretaker PM Dimitar Glavchev at the beginning of today’s..

published on 10/30/24 12:13 PM