Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The positive trade balance supports Bulgaria's economic growth

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Metropolitan Gavriil

Holy Synod supports the Ministry of Education’s proposal to introduce "Religions and Virtues" as a school subject

At a meeting of the Parliamentary Committee on Education and Science, Metropolitan Gavriil of Lovech presented the official position of the Holy Synod of the Bulgarian Orthodox Church (BOC), expressing support for the Ministry of Education’s initiative to..

published on 7/29/25 6:25 PM

Bulgarian users divided over AI - survey

Bulgarian society ranks at the European average in terms of generative AI application usage, according to a nationally representative survey conducted by Alpha Research between July 7–14, 2025. The survey included 1,000 adult respondents from across the..

published on 7/29/25 6:12 PM

Number of visitors to Sofia from home and abroad is rising

In the first half of 2025, the Bulgarian capital city marked an 11% increase in tourists, compared to the same period in 2024, BTA reports, citing data from the municipal website Visit Sofia. For the period January-June, the city was..

published on 7/29/25 3:59 PM