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

U.S. State Department report analyzes the Bulgarian economy

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..

published on 10/1/25 10:11 AM

Bulgaria sees higher demand than supply of jobs

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..

published on 9/30/25 12:26 PM

Is raising taxes inevitable if we want to fix the budget?

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..

updated on 9/26/25 1:02 PM