BULGARIAN ECONOMY
January - April 2019: Bulgarian Exports to the EU Grew by 7.3%
pixabay.com
In the period January - April 2019 Bulgarian exports to the EU grew by 7.3% in comparison with the same period of 2018 and amounted to 12 749.1 Million BGN.
Main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium which accounted for 67.3% of the exports to the EU Member States. In April 2019 the exports to the EU grew by 8.4% compared to the corresponding month of the previous year and amounted to 3 142.0 Million BGN.
In the period January - April 2019 in comparison to the corresponding period of the previous year the largest growths in the exports of Bulgaria to the EU distributed according to the Standard International Trade Classification was recorded in the section ‘Mineral fuel, lubricants and related materials’ (111.1%). The most notable fall was recorded in the section ‘Animals and vegetable oils, fats and waxes’ (14.9%).
Bulgarian imports from the EU in the period January - April 2019 increased by 2.3% compared to same period of 2018 and reached 13 297.6 Million BGN at CIF prices .
The largest amounts were reported for the goods imported from Germany, Italy, Romania, Greece and Spain.
In April 2019 the Bulgarian imports from the EU Member States grew by 8.4% compared to the corresponding month of the previous year and amounted to 3 479.8 Million BGN.
In the period January - April 2019 compared to the corresponding period of the previous year the largest growth in imports from the EU distributed according to the Standard International Trade Classification was reported in the section ‘Beverages and tobacco’ (44.6%) while the most notable fall was observed in the section ‘Crude materials, inedible (except fuel) 2 ’ (27.4%).
The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period January - April 2019 was negative and added up to 548.5 Million BGN. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was positive and amounted to 264.1 Million BGN.
Source: Sofia News Agency
NEWS FROM BCCI
Conference reporting on the results of the training for experts of BCCI, the member-companies and the branch organizations in China
The seminar provided an in-depth insight into the international initiatives of China and information on the country’s culture and economy Още
The Arbitration Court at BCCI provides its clients with access to the electronic case files in English
BCCI issues Excellent SME certificate
To promote successful SMEs, secure and safe business, good business practices and to increase market transparency Още
ANNOUNCEMENTS
Information on the scheme of electronic visas for foreign citizens entering the territory of the Kaliningrad Region
BUSINESS
BSMEPA will Support Automotive Companies for More Dynamic Development
Opportunities for closer cooperation between Bulgarian Small and Medium-sized Enterprises Promotion Agency (BSMEPA) and Automotive Cluster Bulgaria (ACB) Още
BULGARIAN ECONOMY
January - April 2019: Bulgarian Exports to the EU Grew by 7.3%
In the period January - April 2019 Bulgarian exports to the EU grew by 7 Още
In the Period January - May 2019 the Exports of Goods From Bulgaria to Third Countries Increased by 14.4%
In the period January - May 2019 the exports of goods from Bulgaria to third countries increased by 14 Още
FINANCE
The EC Keeps its Economic Forecast for Bulgaria
The European Commission (EC) keeps its expectations for Bulgaria's economy in its summer forecast Още
Deflation of 0.6% for June
Inflation for June in comparison with May is minus 0 Още
TOURISM AND TOURIST INDUSTRY
Over 10% Growth in Revenues From Bulgarian Tourists in May
Despite the drop in the revenues of the Bulgarian hotels as a whole, in May 2019 the overnight stays and the revenues from Bulgarians are more than last year at the same time Още
