In 2020 the export of goods from Bulgaria to the EU has gone down by 4.1% compared to 2019, and amounts to over 18.3 billion euro, BTA reports.
According to data of the National Statistical Institute Bulgaria’s principal trading partners are Germany, Romania, Italy, Greece, France and Belgium which form 70.2 % of the export to the EU countries. In December 2020 the export of goods from Bulgaria stands at around 1,390 million euro. The biggest increase registered in the export of goods from Bulgaria to the EU in 2020 is in the sectors - animal and vegetable oils, fats and waxes (32.3 %), and non-alcoholic and alcoholic beverages and tobacco (23%). The biggest decline is in the sector mineral fuels, oil and similar products (42.7 %). The import of goods to Bulgaria from the EU in 2020 dropped by 9.2 %, amounting to over 18 billion euro. The biggest imports are from Germany, Romania, Italy, Greece and the Netherlands. In December 2020 the import of goods to Bulgaria from the EU countries went up by 1.3 % compared to the same month of the previous year and stands at over 1,500 million euro.
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget...
+359 2 9336 661