Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The positive trade balance supports Bulgaria's economic growth

Photo: Archive

Economic growth in Bulgaria has slowed in the first quarter of 2020, mainly due to weaker final consumption even before the coronavirus pandemic, which severely affected both Bulgaria and the economies of Bulgaria's main trading partners. This is indicated by a preliminary assessment of the National Statistical Institute.
Bulgaria's GDP in the first quarter of 2020 has increased by only 0.3% compared to the last three months of last year, when it grew by 0.8%. On an annual basis, the slowdown in economic growth is up to 2.4% after a registered growth of 3.1% at the end of 2019.
The weak economic growth is supported by the positive trade balance of the country - in the first quarter of 2020 exports exceeded imports by over BGN 370 million (EUR 189 million).



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria is ready to provide more assistance to North Macedonia

The Bulgarian government remains ready to provide additional assistance to its friends and neighbors if they need it in this difficult time. This was what Foreign Minister Georg Georgiev told his North Macedonian counterpart Timčo..

published on 3/19/25 8:28 AM

Restaurateurs protest against 20% VAT

By blocking dozens of major roads and busy intersections, today restaurateurs are to express their disagreement with the lack of dialogue with the government and the 20% VAT for the industry set in the 2025 budget. Restaurateurs from..

published on 3/19/25 7:35 AM

Bulgarian military to participate in NATO's stabilization force in Kosovo

A Bulgarian military formation will be sent with a solemn ceremony to participate in the operational reserve forces of NATO's force in Kosovo (KFOR). The ceremony, which will be attended by the Chief of Defense Admiral Emil Eftimov,..

published on 3/19/25 7:05 AM