KEYWORDS TODAY:   KTBKristalina GeorgievaMalaysia Airlines Crash in Eastern Ukraine

HOT: » CorpBank majority shareholder Tzvetan Vasilev comments on latest developments at the bank in an exclusive interview with Novinite

Bulgaria-Romania Trade Turnover Exceeds EUR 3B for 3 Consecutive Years

Business | March 30, 2014, Sunday // 14:51| Views: 2100 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria-Romania Trade Turnover Exceeds EUR 3B for 3 Consecutive Years Photo by bnr.bg

Trade turnover between Bulgaria and Romania has exceeded EUR 3 B for 3 years in a row, according to the director of the Commercial Section of the Bulgarian Embassy in Bucharest.

Bronislav Denev, as cited by the Focus news agency, expressed hopes that the new joint projects, the export strategies of the two countries and the activities of Bulgarian and Romanian companies would pave the way for a substantial growth in bilateral trade and economic relations in 2014.

"According to the National Trade Register Office, a total of 1797 joint ventures with Bulgarian participation and 100% Bulgarian companies with 86.2 million of invested capital were registered in Romania by December 31, 2013. Bulgaria ranks 30th among foreign investors in Romania, accounting for 0.24% of the total amount of foreign investments in Romania. According to additional information of Bulgaria's National Statistical Institute (NSI), the number of Bulgarian companies exporting goods to Romania was 1722 in 2013" he explained.

He recommended a detailed analysis of the data, stressing that it would enable the authorities to draft a clear short-term or long-term program for the development of Bulgarian export on a global scale.

He suggested that the good partnership between Bulgarian and Romanian companies over the past few years, as well as analyses showing the situation on the markets in the two countries and the needs of the respective markets, had yielded concrete results, namely high trade turnover rates in crisis years, such as a rate of EUR 1.7 B in 2009, a rate of around EUR 2.8 B in 2010, a rate of around EUR 3.5 B in 2011, a rate of around 3.3 B in 2012 and a rate of around EUR 3.45 B in 2013.

He claimed that the achievement of three consecutive years of trade turnover rates of over EUR 3 B spoke well of the efforts of companies, diplomatic services in charge of trade and economic affairs, and other institutions, both Bulgarian and Romanian, which had contributed to the favorable statistics.

Business » Be a reporter: Write and send your article
Tags: trade turnover, Bucharest, foreign investments, Bulgarian Embassy in Bucharest, National Statistical Institute, exports
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria