In 2020 the export of goods from Bulgaria to the EU has gone down by 4.1% compared to 2019, and amounts to over 18.3 billion euro, BTA reports.
According to data of the National Statistical Institute Bulgaria’s principal trading partners are Germany, Romania, Italy, Greece, France and Belgium which form 70.2 % of the export to the EU countries. In December 2020 the export of goods from Bulgaria stands at around 1,390 million euro. The biggest increase registered in the export of goods from Bulgaria to the EU in 2020 is in the sectors - animal and vegetable oils, fats and waxes (32.3 %), and non-alcoholic and alcoholic beverages and tobacco (23%). The biggest decline is in the sector mineral fuels, oil and similar products (42.7 %). The import of goods to Bulgaria from the EU in 2020 dropped by 9.2 %, amounting to over 18 billion euro. The biggest imports are from Germany, Romania, Italy, Greece and the Netherlands. In December 2020 the import of goods to Bulgaria from the EU countries went up by 1.3 % compared to the same month of the previous year and stands at over 1,500 million euro.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
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..
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