Trade between Bulgaria and Germany is expected to decline by nearly 6% in 2020 to about EUR 8 billion. In 2019, the Bulgaria-Germany trade amounted to EUR 8.5 billion. This is not a dramatic decline, Dr. Mitko Vasilev, CEO at the German-Bulgarian..
So far, nearly 2,700 traders have requested working capital support through the National Revenue Agency, it was reported. Under this scheme, traders affected by anti-epidemic measures due to the spread of Covid-19 can receive 20 or 10% of their turnover..
As Minister of Economy I did not want to see this sector closed. However, the new restrictions will last for 3 weeks only. On December 21, the business will start functioning again. We need to take into account the epidemic situation and think about..
For the third month in a row, Bulgaria ranks first in the EU in terms of annual decline in retail trade , according to Eurostat. Retail trade in Bulgaria declined by 17.5% on an annual basis in July, while for the EU as a whole, the indicator fell..
Bulgaria’s total exports in the first 5 months of 2020 has decreased with 8.1% to nearly EUR 10.5 billion as compared to the same period in 2019 which was due to the coronavirus epidemic, preliminary data of the National Statistical Institute show...
Bulgarian exports set a new record in 2019 totaling 33.9 billion USD and this country already ranks 60 th in the world as in 2018 it held the 64 th position. Bulgaria ranks immediately after Angola (oil exports 98%) and before Algeria..
In February 2020, Bulgaria’s exports to the EU increased by 4.4% as compared to the same month last year, the National Statistical Institute announced . Meanwhile, imports from the European Union saw a 4.9% increase year on year. Germany, Italy,..
The Bulgarian Food Safety Agency banned the sale of over 20 tons of vegetables with increased pesticide content imported from non-EU countries. The food safety agency banned 17 tons of cabbage and 4 tons of cucumbers. The whole quantity will be..
In the fourth quarter of 2019, Bulgaria’s gross domestic product amounted to EUR 16.7 billion, which is 3.1% more than the previous trimester, the National Statistical Institute announced. In real terms, the GDP increased with 3.4% last year. The..
Within the framework of the Munich Security Conference, Prime Minister Boyko Borissov met with Bavarian Prime Minister Marcus Zöder. During the conversation, PM Borissov pointed out that Bulgaria was the only country that has coped with illegal..