Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Germany is among top 3 investors in Bulgaria

Mitko Vassilev, chairman of the German-Bulgarian Chamber of Industry and Commerce
Photo: Library

Data from the Bulgarian National Bank for the period January-November 2020 shows that Bulgaria has attracted 141.1 million euros of German direct investment. According to this indicator, only the Netherlands and Austria are ahead of it, Mitko Vassilev, General Manager of the German-Bulgarian Chamber of Industry and Commerce, told Economy.bg. 


Due to the pandemic, for the same period trade marked an expected decline - by about 3% compared to the same period in 2019. Bulgaria has exported goods worth 4.24 billion euros to Germany, and imports amounted to 3.32 billion euros. 

During this year for the 17th time in a row, the German Economy Award will be presented to companies that have contributed to the development of German-Bulgarian economic relations.



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

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM

Bulgaria's public debt for 2023 was 22.9% of GDP

In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...

published on 10/22/24 1:23 PM