''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 Tuesday, minimum temperatures will range from 8 to 13°C , with Sofia seeing around 9°C. Rain is expected across the country, with heavier showers in north-eastern and central Bulgaria. Yellow alerts have been issued for twelve regions and orange alerts..
The Road Infrastructure Agency (RIA) has proposed the introduction of temporary restrictions on the movement of heavy trucks weighing over 12 tons along the country’s busiest motorways — Trakia, Hemus and Struma— during official holidays in 2026. The..
The Sofia City Court has postponed the extradition case of Igor Grechushkin, the owner of a cargo ship linked to the explosion at the port of Beirut in 2020, which claimed the lives of more than 200 people and injured thousands. The judges requested..
On Wednesday, minimum temperatures will range from 4 to 9°C across the country, reaching around 2°C in Sofia. The wind will ease and fog will settle in..
The amount of the average social security income for the country for September 2025 is 962.25 EUR and the amount of the average monthly social security..
Bulgaria consistently opposes proposals to remove the requirement for unanimity in decision-making within the framework of the EU’s Common Foreign and..
Mostly Cloudy
Partly Cloudy
Fog