Bulgaria's exports to Spain reach record values

published on 2/20/23 6:10 PM

Photo: mi.government.bg

In 10 years, Bulgaria's exports to Spain have increased by 73%, as recent years have marked record values in the history of economic cooperation between the two countries. In the period 2017-2019, trade with Spain exceeded 2 billion euros per year, with these values quickly recovering after the pandemic.

Aggregate figures for 2022 are still awaited, but growth is expected to be over 50%.

This became clear during a Bulgarian-Spanish business forum, which is taking place in Madrid.

The event was opened by the Bulgarian Minister of Economy, Nikola Stoyanov, and is organized jointly with the Confederation of Spanish Entrepreneurs (CEOE). It was noted that Spanish companies are showing interest in investments and joint projects in Bulgaria in the automotive sector and information and communication technologies.

Spanish companies have opened more than 3,000 jobs in Bulgaria, emphasized in his speech the ambassador of Spain to Bulgaria H.E. Alejandro Polanco. More than 25,000 Bulgarian students study Spanish, and over 200,000 Bulgarian live in Spain, it became clear during the forum.

These are serious prerequisites for promoting economic ties between our two countries, the Spanish diplomat emphasized.

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Bulgaria's exports to Spain reach record values

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