Text size

The positive trade balance supports Bulgaria's economic growth

published on 6/4/20 1:19 PM

Photo: Archive

Economic growth in Bulgaria has slowed in the first quarter of 2020, mainly due to weaker final consumption even before the coronavirus pandemic, which severely affected both Bulgaria and the economies of Bulgaria's main trading partners. This is indicated by a preliminary assessment of the National Statistical Institute.

Bulgaria's GDP in the first quarter of 2020 has increased by only 0.3% compared to the last three months of last year, when it grew by 0.8%. On an annual basis, the slowdown in economic growth is up to 2.4% after a registered growth of 3.1% at the end of 2019.

The weak economic growth is supported by the positive trade balance of the country - in the first quarter of 2020 exports exceeded imports by over BGN 370 million (EUR 189 million).

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News economic growth export import National Statistical Institute trade balance trading partner

More from category

Government resumes talks with unions and employers after freezing the 2026 budget

'The dialogue between employers and trade unions has been restored. Consultations will begin tomorrow at the Ministry of Finance to iron out all the details. The state is committed to supporting every Bulgarian citizen.' This was written by GERB leader..

published on 11/27/25 2:55 PM

NSI: Bulgarians' international travel increased 15% last year

Bulgarian citizens traveled abroad 829,300 times in October, which is 15% more than in October 2024 , according to the National Statistical Institute. The most popular destinations were Turkey, Greece, Serbia, Romania, Germany, North Macedonia,..

published on 11/27/25 2:39 PM

State-owned enterprises to combat corruption through an integrity officer

The National Assembly has introduced a new requirement for state-owned enterprises to implement corruption risk management systems, which will also include appointing an integrity officer. The measure is recommended by the Organisation for Economic..

published on 11/27/25 1:30 PM