BCCI Survey: Germany is again the most preferred destination for business trips and cooperation

Again Germany is in the leadership position on the interest of Bulgarian business towards economic cooperation. This shows the data from the conducted survey of the BCCI. 38% of companies indicate Germany as a country with which they have an interest in trading and partnership. This is logical in view of the fact that the country is also our largest and most important trading partner (for the period January-October 2019, exports increased by 3.2%, reaching over 7.2 billion, which is 15% of total exports).

Turkey retains the second place, and China and the USA are in the 3rd position, followed by the UK, Greece and Poland. With Turkey we notice a decrease in exports due to the fall of the lyre and the inability to buy the same quantities of raw materials, but at the same time there is an increase in imports. With China, we observe an increase in commodity exchange, increasing exports (by 4.3%) and imports (by nearly 12%). Probably the situation on the Asian side will slow the trade flows with Bulgaria because of the complications of the Corona virus.

According to 65% of the respondents the export of goods is the basis for the interest of Bulgarian companies in cooperation with foreign partners. The second position remains the search for a partner for a joint investment in Bulgaria and third place occupies the interest in importing goods. Only 5% of the respondents stated that their interest in economic cooperation was related to the search for a partner for a joint investment abroad.

Bulgarian business has an interest mainly in partnership with companies in the field of food and beverage (24%), machinery and equipment (19%), metallurgy (14%), services (12%) and others. Companies have an interest in the field of tourism, ICT and wood processing.

Trade with third countries is a leading topic that evokes the interest of the business. The EU's free trade agreements, the CEE-China Cooperation Initiative (17 + 1), the Eurasian Economic Union are the other leading topics for which the business wants BCCI to organise events, according to the results of the survey. The theme of Brexit also aroused interest due to advanced negotiations and uncertainty of the future development of EU-UK relations.

Over 62% of the surveyed companies, involved in the BCCI delegations, evaluated their organization as excellent. This includes the program of events, ensured partners from abroad, flights, transfers and hotels.


BCCI Survey: Germany is again the most preferred destination for business trips and cooperation
Turkey, China, USA and UK are the other countries in the top five Още
A series of meetings dedicated to the cooperation with France
B2B events to connect Bulgarian suppliers and subsuppliers with French companies are planned Още
The newly appointed Ambassador of Bulgaria to the Islamic Republic of Iran visited the BCCI
The partnership of BCCI with similar organizations in Iran – the focus of the meeting Още
BCCI provides legal consultations
In the field of company, commercial, administrative and labour law, out-of-court dispute resolution Още
9-th International Energy Conference „Energy and Cyber Security – Risks and Protection“
20 March 2020, Sofia, Sofia Hotel Balkan Още
NSI: In January - November 2019, Bulgaria's exports to EU increase by 3.4%
In comparison with 2018 Още
At the end of 2019, residential buildings put into operation increased by 50%
Highest is the number of residential buildings built in district Sofia (City) Още
Employees under labour contract and gross average wages and salaries, forth quarter of 2019
The average monthly wages and salaries increased by 5.1% Още
Sofia ranks top in European Cities and Regions of the Future 2020/2021 report by fDi Intelligence
Sofia will receive a certificate for the good positions in the ranking Още
Sofia to apply for "100 Intelligent Cities Challenge" Programme
The call is open for other Bulgarian cities Още