€7.3 Billion on the Table: Is Bulgarian Business Ready for Europe’s Defense Boom?
Europe is undergoing a fundamental shift in how it approaches defense, moving beyond increased spending toward the creation of an entirely new industrial ecosystem
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In December 2025, Bulgaria’s total exports of goods rose by 2.5% compared to the same month a year earlier, reaching 6.7364 billion leva (€3.44 billion), after a contraction of 4% in November. Meanwhile, imports into the country surged by 17.3% to 9.6455 billion leva (€4.93 billion), following a 5.2% increase in November.
This sharp increase in imports pushed Bulgaria’s trade deficit to a record 2.9091 billion leva (€1.49 billion) in December 2025, according to preliminary data from the National Statistical Institute (NSI).
For the full year 2025, Bulgarian exports of goods fell by 3.2% to 83.8945 billion leva (€42.87 billion) compared to 2024, while imports rose by 6.1% to 105.6051 billion leva (€53.97 billion). This resulted in a total foreign trade deficit of 21.7106 billion leva (€11.10 billion) for the period January–December 2025.
Looking at trade by region, exports from Bulgaria to other EU countries increased in December 2025 by 6.5% year-on-year. Exports to third countries, however, declined by 3.7%. On the import side, purchases from the EU rose by 7.9%, while imports from third countries jumped sharply by 30.7%.
For the entire 2025, exports to the EU fell by 3.8% compared to 2024, and exports to non-EU countries dropped by 2.2%. Conversely, imports from EU countries increased by 4.4%, and imports from third countries rose by 8.5%.
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
Bulgarian Agriculture Minister Ivan Hristanov has said that milk prices in Bulgaria are falling for consumers while production costs for farmers continue to rise, creating increasing pressure on the sector.
Bulgaria saw a sharp rise in labor costs at the close of 2025, with total employer expenses per hour worked increasing by 13.9% in the fourth quarter compared to the same period in 2024, according to preliminary figures from the National Statistical Insti
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