Text size

The positive trade balance supports Bulgaria's economic growth

published on 6/4/20 1:19 PM

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!

Radio Bulgaria News economic growth export import National Statistical Institute trade balance trading partner

More from category

Bulgaria's cabinet holds emergency meeting on food prices

Bulgaria’s Premier Rosen Zhelyazkov convened an emergency meeting at the Council of Ministers on Saturday dedicated to the issue of food prices. On February 13, some Bulgarians participated in a boycott of food retail chains. Measures for..

published on 2/15/25 1:16 PM

Foreign Minister Georgiev: Schengen membership strengthens our capacity to manage migration

Bulgaria's Minister of Foreign Affairs, Georg Georgiev, participated in a working breakfast dedicated to addressing illegal migration and its consequences. The forum was part of Georg Georgiev’s program during the Munich Security Conference,..

published on 2/15/25 11:58 AM

National Customs Agency seized 100 leopard geckos and 243 tarantulas in Interpol operation

The National Customs Agency seized 100 leopard geckos and 243 tarantulas as part of Operation Thunder 2024, coordinated by Interpol and the World Customs Organization. The operation took place from November 11, 2024, to December 6, 2024, with..

published on 2/15/25 11:02 AM