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

Morning temperatures remain low, but the day will be spring-like warm

On Friday , the lowest temperatures will be between minus 5 and 0°C. In Sofia it will be around minus 3°C. In the morning hours along the riverbanks and around water basins there will be reduced visibility. It will be sunny during..

published on 3/20/25 7:05 PM
Prime Minister Zhelyazkov (left) at a meeting with ECB and Eurogroup Presidents Christine Lagarde (middle) and Paschal Donahue, Brussels, March 20, 2025

PM discusses Bulgaria's eurozone entry with ECB and Eurogroup presidents

The importance of eurozone membership for Bulgaria was the focus of Prime Minister Rosen Zhelyazkov's meeting with European Central Bank President Christine Lagarde and Eurogroup President Pascal Donahue. On the sidelines of the European Council meeting..

published on 3/20/25 6:07 PM

BNB Governor: Bulgaria meets all nominal criteria for the eurozone

"Currently, Bulgaria is one of the few in the EU that unconditionally meets all nominal criteria for convergence to the eurozone, including the price stability criterion, with which we have had problems in recent years." This was..

published on 3/20/25 3:35 PM