''The negative impact on Bulgaria from a possible introduction by the U.S. of a 25% tariff on EU goods would amount to USD 678 million. This would mean a 0.49% annual decrease in the country’s total exports compared to the levels without tariff restrictions'', Bulgaria’s Deputy Minister of Economy and Industry Doncho Barbalov said in an interview with BTA. The government is prepared with measures to support Bulgarian exporters to offset a potential decline in exports, said Doncho Barbalov.
Only 35% of Bulgaria’s exports to the U.S. are for direct end consumption, which is a positive for the country, as the remaining portion of Bulgarian exports is used as components in other goods and products. This means that they are already part of the U.S. production chain and would be harder to substitute if restrictive tariffs are introduced, Doncho Barbalov commented.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: mi.government.bg
From today until December 21, Sofia’s City Garden is hosting the traditional German Christmas Market. The 15th edition of the market features food stalls, fragrant mulled wine, and cultural events, including concerts by young performers and..
Illegal recruitment agencies in Uzbekistan are sending workers to Bulgaria with promises of salaries of 5,000 leva (€2,560) . The reality often discourages them from staying, leaving employers at a loss. Officials, employer organisations and businesses..
In an unprecedented move, the Bulgarian government approved the 2026 state budget draft at its meeting toda y without the agreement of employers’ organisations. Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry, said that..
Bulgaria consistently opposes proposals to remove the requirement for unanimity in decision-making within the framework of the EU’s Common Foreign and..
The average gross monthly salary in Bulgaria for July 2025 was BGN 2,570 (EUR 1,314.02), for August BGN 2,497 (EUR 1,276.7), and for September BGN 2,580..
"As of today, there will be no acting mayor of Varna and the position will be held by the legally elected mayor Blagomir Kotsev," said..
Partly Cloudy
Mostly Cloudy
Fog