Is Bulgaria Ready to Join the Eurozone?
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
In 2019, Bulgarian exports to the EU grew by 2.9% compared to 2018 and amounted to BGN 38,779.5 million. Main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium which accounted for 66.5% of the exports to the EU Member States, the National Statistical Institute (NSI)said on its website.
In December 2019, the exports to the EU dropped by 4.7% compared to the corresponding month of the previous year and amounted to BGN 2,548.4 million.
Bulgarian imports from the EU in 2019 increased by 3.1% compared to 2018 and reached BGN 41,143.0 million (at CIF prices). The largest amounts were reported for the goods imported from Germany, Italy, Romania, Greece and Spain. In December 2019, the Bulgarian imports from the EU Member States increased by 4.6% compared to the corresponding month of the previous year and amounted to BGN 3,206.5 million.
In 2019, compared to 2018, the largest growth in imports from the EU distributed according to the Standard International Trade Classification was reported in the section ‘Beverages and tobacco’ (27.9%) while the most notable fall was observed in the section ‘Crude materials, inedible (except fuel)’ (16.5%).The foreign trade balance of Bulgaria (export FOB -import CIF) with the EU in 2019 was negative and added up to BGN 2,363.5 million.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria
Artificial intelligence is changing the world’s economic and political landscapes, pushing every country to increase their AI investments.
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
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
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU