''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
On Friday , the lowest temperatures will be between 11 and 21°C. In Sofia - around 12°C. Sunny weather will prevail during the day with temporary increases in cloudiness, more significant in the afternoon. In isolated places in the..
Eight helicopters, not the initially planned six, will be used to provide emergency medical assistance by air in this country, Health Minister Silvi Kirilov told journalists. Seven of them will be financed with funds from the..
“We Continue the Change” (PP) will support votes of no confidence that do not distance us from Europe.” This is how the leader of PP, Assen Vassilev, answered a journalist's question about tomorrow's vote of no confidence in the..
Bulgarian students won four medals at the International Chemistry Olympiad (IChO). They earned one gold, one silver and two bronze medals at the..
Two helicopters from the Bulgarian Air Force are participating today in the firefighting operations in the Rila Monastery area . A Mi-17 helicopter with a..
Bulgaria’s candidate for judge at the Court of Justice of the European Union , Associate Professor Alexander Kornezov, has been approved , lex.bg..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain