In the course of the next couple of years Bulgaria's economy is to rely increasingly on its export-oriented branches, according to Bulgarian Financial Minister Simeon Djankov.

Djankov gave the example that other European countries in which the economy relies strongly on export-driven branches are currently blooming.

The Bulgarian economy is also developing in this direction, its exports having increased by 40% year on year. In some regions, like the Middle East and Latin America, Bulgarian exports have boosted by as much as 70-80%, Djankov pointed out.

He commented that as a sign that the Balkan country's economy its traditionally strong but recently more or less forgotten markets.

Among the export-oriented branches with the biggest potential, Djankov mentioned the pharmaceutical sector, the IT-sector and some sectors of the tourist branch. He underlined also the importance of wine production and traditional Bulgarian foods with regard to exports.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!