''The negative impact on Bulgaria from a possible introduction by the U.S. of a 25% tariff on EU goods would amount to USD 678 million. This would mean a 0.49% annual decrease in the country’s total exports compared to the levels without tariff restrictions'', Bulgaria’s Deputy Minister of Economy and Industry Doncho Barbalov said in an interview with BTA. The government is prepared with measures to support Bulgarian exporters to offset a potential decline in exports, said Doncho Barbalov.
Only 35% of Bulgaria’s exports to the U.S. are for direct end consumption, which is a positive for the country, as the remaining portion of Bulgarian exports is used as components in other goods and products. This means that they are already part of the U.S. production chain and would be harder to substitute if restrictive tariffs are introduced, Doncho Barbalov commented.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: mi.government.bg
On Friday, the National Assembly will vote on a no-confidence motion against the cabinet of Prime Minister Rosen Zhelyazkov over ''failures in environmental and water policy''. The fourth no-confidence motion against the current government was tabled..
The Speaker of the Parliament of Albania, Elisa Spiropali, has arrived in Bulgaria for an official visit. The two-day visit is at the invitation of National Assembly Speaker Natalia Kiselova . Elisa Spiropali was welcomed at the airport by the..
Tuition fees at state universities should not exceed 75% of the expenses for the training. This was what MPs decided with amendments to the Higher Education Act adopted on Wednesday at first reading. It is expected that after the..
The ministers of agriculture of Bulgaria, Hungary, Poland, Slovakia and Romania have signed a joint declaration concerning the agricultural aspects of..
Bulgaria reacted swiftly to a forest fire near the town of Kriva Palanka, North Macedonia, which is located near the Bulgarian -North Macedonian border...
Sofia will now have night public transport connecting the centre with Vasil Levski Airport , according to the press centre of the Sofia Municipality...
Partly Cloudy
Clear