Text size

Foreign investment shrinks amid pandemic, Bulgarian National Bank reports

published on 12/16/20 5:56 PM

Bulgarian National Bank

Photo: Ani Petrova, BNR

Bulgarian exports fell by more than 1.8 billion euros in the period from January to October compared to the first ten months of 2019, data of the Bulgarian National Bank shows. Imports for the same period shrank by 2.9 billion euros.

The exports of goods for the first ten months of the year amount to over 22.5 billion euros, as the decrease compared to the same period in 2019 is 7.5 percent. Imports have decreased by 10.9%, as by the end of October imports amounted to 23.6 billion euros.

The trade balance is negative, but on an annual basis the deficit shrinks to two percent.

Foreign direct investment amounted to EUR 665.8 million by October, decreasing by EUR 455.5 million or 40.6% compared to the same period in 2019, according to BNB data, quoted by the BNR.

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

Radio Bulgaria Economy BNB Bulgarian National Bank export foreign direct investment import investment

More from category

The proceeds from the sale of Lukoil Neftohim should be frozen, experts say

It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..

published on 2/2/25 11:58 AM

The financial system in Bulgaria is stable, Lyubomir Karimansky says

“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..

published on 2/1/25 2:59 PM

Germany remains Bulgaria's largest foreign trade partner

Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..

published on 1/31/25 9:32 AM