Bulgarian exports continue to grow and in 2022 reached 50.25 billion US dollars, or 21% more in comparison to 2021, according to an analysis by the Bulgarian Industrial Association. Bulgaria climbed to 57th place in the world in terms of exports from 59th place a year earlier. It retains 20th place in the EU. For 5 years, exports have grown by an average of 11% annually. This means that Bulgaria continues to gain positions on world markets.
Bulgaria has a positive trade balance in 7 out of 10 leading export markets, including Germany, Italy, France, Belgium. The biggest negative balance is with Russia, China, Turkey and the Netherlands. Raw materials and energy carriers make up 1/3 of exports, but the export of electrical equipment, electronics, machines and devices is also on the rise.
The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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