US among Top 20 trade partners of Bulgaria

Photo: BGNES Emil Karanikolov

The United States is among Bulgaria's top 20 trade partners, Economy Minister Emil Karanikolov said Tuesday at the opening of a conference mottoed Explore USA, cited by his ministry in a press release. The conference discussed the opportunities of Bulgarian companies to expand their business in the US.

In the past decade, bilateral trade between the two countries shows a number of positive trends, as it managed to regain the levels it had before the 2008-09 financial crisis.
Karanikolov noted that in 2018, trade between Bulgaria and the US reached 561 million dollars, a considerable rise above the record level from 2012. He also said the American market is among the main export destinations for Bulgarian high-tech products.
The minister said the Bulgarian government will continue to focus its foreign economic policies on the future expansion of trade and investment relations with the US as a strategic partner, the press release says.

Similar articles

  • Borissov, Vucic inspect Balkan Stream gas pipeline

    Borissov, Vucic inspect Balkan Stream gas pipeline

    Bulgarian Prime Minister Boyko Borissov and Serbia’s President Aleksandar Vucic inspected the Balkan Stream gas pipeline in its Letnitsa section on Monday. “What I know is that there are no wars where there are gas pipelines,” PM Borissov said. He underscored the fact that Balkan Stream is planned to transit natural gas from different sources, which will contribute to diversifying supplies for the region.

  • Borissov: BGN 173m in grants for 20,000 small enterprises

    Borissov: BGN 173m in grants for 20,000 small enterprises

    Small enterprises with at least 20% dip in revenue will be eligible to apply for a piece of the BGN 173m grant funding that is being provided by the EU. The money will be enough for about 20,000 businesses, while the government will seek another BGN 200-300m in support for medium-sized enterprises. The news came from Prime Minister Boyko Borissov after the European Council meeting on tackling the COVID-19 pandemic held via videoconferencing.