Bulgaria’s exports in January – November 2019 up 3.7%
In January – November 2019, the total value of all the goods exported from Bulgaria amounted to 53 758.2 million leva, about 3.7 per cent more than January – November 2018, the National Statistical Institute (NSI) said on January 13,... Read More →
Bulgarian economy to grow by 3% in 2020 – World Bank forecast
Bulgaria’s economy was set to grow by three per cent in 2020, according to the latest World Bank’s Global Economic Prospects report, released on January 9. That figure is below the 3.6 per cent growth estimate for Bulgaria’s economic growth... Read More →
Unemployment in Bulgaria in November 2019 was 3.7%
Unemployment in Bulgaria in November 2019 was 3.7 per cent, down from 4.8 per cent in November 2018, according to seasonally-adjusted figures released on January 9 by European Union statistics agency Eurostat. The November 2018 figure represented about 294 000... Read More →
Foreign Direct Investment in Bulgaria for January-October 2019 reached 953.3M EUR
Foreign direct investment in Bulgaria in the first 10 months of the year stood at 953.3 million euro, the equivalent of 1.6 percent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on December 20. In... Read More →
Bulgaria Ranks among Top Software Outsourcing Destinations
Two recent studies point to Eastern Europe and Bulgaria in particular as an increasingly attractive destination for companies looking to outsource software, according to an article posted on ZDnet website. Five of the top 20 countries listed as attractive software... Read More →
Bulgarian youth turn EU’s poorest region into a tech haven
Neglected fields, bumpy roads, abandoned villages, shabby houses and closed schools. Welcome to northwestern Bulgaria, the poorest region of the European Union, according to Eurostat. The 1990s played a crucial role in creating the current socio-economic landscape. Most factories shut... Read More →
Alibaba considers European logistics center in Bulgaria
Chinese e-commerce group Alibaba is considering setting up a European logistics center in Bulgaria, the Bulgarian government and Xinhua said on Wednesday. No comment was immediately available from Alibaba. Representatives of Alibaba Group, GS-Solar Company and GoldPoly Group met Bulgarian... Read More →
Bulgaria’s Exports to EU Grew 6% in Jan-Sept
Bulgarian exports to the European Union increased by 6% between January and September compared to the same period of last year, national statistics show. Exports amounted to BGN 23.0345 B in the first nine months of the year, according to preliminary data of... Read More →
Bulgaria is the world’s ninth most preferred outsourcing destination
Bulgaria’s second largest city Plovdiv is an example of the country’s thriving outsourcing industry, accounting for almost 4 per cent of GDP, according to the Bulgarian Outsourcing Association (BOA). Bulgaria is the world’s ninth “most preferred” outsourcing destination in consultancy... Read More →
Strengthen trade and investment cooperation between Bulgaria and Vietnam
The Hanoi times – Bulgarian Minister of Economy Bonzidar Lukarsky appreciated that the Vietnam-Bulgaria Business Forum held in Hanoi on October 17 serves as a good chance for enterprises of the two countries to learn about each other market, approach and take advantage... Read More →
