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.
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
+359 2 9336 661