Germany Urges Swift EU Accession for Western Balkan Countries
German Foreign Minister Annalena Baerbock has issued a compelling call for the expedited integration of candidate countries from the Western Balkans into the European Union
In the period January - June 2017 Bulgarian exports to the EU increased by 11.3% compared to the same period of 2016 and amounted to 16 345.6 Million BGN according to data of the National Statistical Institute (NSI).
Main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium which accounted for 69.0% of the exports to the EU Member States.
In June 2017 the exports to the EU increased by 13.1% compared to the corresponding month of the previous year and amounted to 3 048.5 Million BGN.
In the period January - June 2017 compared to the corresponding period of the previous year the largest growths in the exports of Bulgaria to the EU distributed according to the Standard International Trade Classification were recorded in the sections ‘Manufactured goods classified chiefly by material’ (35.8%) and ‘Mineral fuel, lubricants and related materials’(24.2%). The most notable fall was recorded in sections ‘Food and live animals’ (5.4%) and ‘Beverages and tobacco’ (5.4%).
Bulgarian imports from the EU in the period January - June 2017 increased by 12.2% compared to the same period of 2016 and added up to 18 067.5 Million BGN at CIF prices. The largest amounts were reported for the goods imported from Germany, Italy, Romania, Spain and Greece. In June 2017 the Bulgarian imports from the EU Member States grew by 7.6% compared to the corresponding month of the previous year and amounted to 3 122.5 Million BGN.
In the period January - June 2017 compared to the corresponding period of 2016 the largest growth in imports from the EU distributed according to the Standard International Trade Classification were reported in the sections ‘Crude materials, inedible (except fuel)’ (58.5%) and ‘Mineral fuel, lubricants and related materials’ (57.6%) while fall was observed only in section ‘Beverages and tobacco’ (3.4%).
The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period January - June 2017 was negative and added up to 1 721.9 Million BGN . At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 857.9 Million BGN.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022