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Foreign investment shrinks amid pandemic, Bulgarian National Bank reports

published on 12/16/20 5:56 PM

Bulgarian National Bank

Photo: Ani Petrova, BNR

Bulgarian exports fell by more than 1.8 billion euros in the period from January to October compared to the first ten months of 2019, data of the Bulgarian National Bank shows. Imports for the same period shrank by 2.9 billion euros.

The exports of goods for the first ten months of the year amount to over 22.5 billion euros, as the decrease compared to the same period in 2019 is 7.5 percent. Imports have decreased by 10.9%, as by the end of October imports amounted to 23.6 billion euros.

The trade balance is negative, but on an annual basis the deficit shrinks to two percent.

Foreign direct investment amounted to EUR 665.8 million by October, decreasing by EUR 455.5 million or 40.6% compared to the same period in 2019, according to BNB data, quoted by the BNR.

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Radio Bulgaria Economy BNB Bulgarian National Bank export foreign direct investment import investment