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

Expected deficit at the end of last year exceeds €3 billion

Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..

published on 1/3/25 9:24 AM

Which currencies will be most sought after by Bulgarians in 2024?

The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..

published on 1/2/25 3:08 PM

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM