Bulgarian exports and imports have continued their decline, National Statistical Institute data show.
Because of the pandemic Bulgaria’s total exports went down in July by 10.7% to 2.446 billion euro compared to a year earlier. The country’s total imports went down by 15.9% to 2.564 billion euro. The foreign trade balance was negative in July at 119 million euro, compared to a deficit of 312 million euro in July 2019.
Over the first seven months of 2020 Bulgaria’s total exports went down by 7.5% to 15.9 billion euro compared to the same period of 2019, while imports shrank by 12.8% down to 17 billion euro. The total foreign trade balance from January to July was at a deficit of 1.1 billion euro.
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
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