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

Cool atmospheric front will pass through the country

On Wednesday, the minimum temperatures in Bulgaria will be from 11 to 16°C, in Sofia - 14°C . A cold atmospheric front will pass through the country, with cloudiness being more often significant. From the northwest to the southeast, it will rain in..

published on 9/16/25 7:35 PM

Bulgarian infrastructure to be modernized with the help of concessions

In addition to using EU funds, accelerating the development of key infrastructure projects can be achieved through concession mechanisms. This is a tool that the European Commission encourages. This was what Deputy Prime Minister and Minister of..

published on 9/16/25 6:33 PM

Sixth unit of Kozloduy NPP will also operate with US fuel

The sixth unit of the Kozloduy NPP will also start operating with American nuclear fuel next year. The first six Westinghouse cartridges will be placed in the reactor to determine their effect on electricity production. This became clear at a..

published on 9/16/25 6:18 PM