In 2020 the export of goods from Bulgaria to the EU has gone down by 4.1% compared to 2019, and amounts to over 18.3 billion euro, BTA reports.
According to data of the National Statistical Institute Bulgaria’s principal trading partners are Germany, Romania, Italy, Greece, France and Belgium which form 70.2 % of the export to the EU countries. In December 2020 the export of goods from Bulgaria stands at around 1,390 million euro. The biggest increase registered in the export of goods from Bulgaria to the EU in 2020 is in the sectors - animal and vegetable oils, fats and waxes (32.3 %), and non-alcoholic and alcoholic beverages and tobacco (23%). The biggest decline is in the sector mineral fuels, oil and similar products (42.7 %). The import of goods to Bulgaria from the EU in 2020 dropped by 9.2 %, amounting to over 18 billion euro. The biggest imports are from Germany, Romania, Italy, Greece and the Netherlands. In December 2020 the import of goods to Bulgaria from the EU countries went up by 1.3 % compared to the same month of the previous year and stands at over 1,500 million euro.
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..
+359 2 9336 661