2
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S. comprising 0.8% of total imports. This was announced by Minister of Economy and Industry Petar Dilov during a parliamentary session in response to a question about US trade restrictions.
Given the relatively small volume of overall trade between Bulgaria and the US, the export tariffs imposed by Washington are not expected to have a significant direct impact on the Bulgarian economy. However, Dilov emphasised:
“In 2024, the EU accounts for 64% of Bulgaria’s exports and 57.3% of its imports. Given this, we can expect an indirect negative impact of the US tariffs on our main EU trading partners, which in turn could affect Bulgaria's bilateral trade with these countries".
According to Dilov, the Ministry of Economy and Industry is in dialogue with businesses and is analysing the impact of the US import restrictions. The aim is to implement effective measures to support the national economy and mitigate the negative impact of the US tariffs on the EU.
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..
According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..
“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..
Mostly Cloudy
Clear
Partly Cloudy
Partly cloudy, chance of rain