National Statistical Institute

Increase in Exports from Bulgaria by over 27% up until April

In the first four months of the year, Bulgaria's exports outside the European Union increased by 27.5% compared to the same period in 2021 and amounted to BGN 9.224 billion. Bulgaria's main trade partners are Turkey, Serbia, USA, North Macedonia, United Kingdom, China and Egypt, which account for 52.6% of exports to third countries.

Bulgaria: Budget Deficit of 4.1% and Government Debt of 25.1% of GDP in 2021

The institutional sector "State Government" reports a budget deficit of BGN 5.433 billion, which is 4.1% of Bulgaria's gross domestic product (GDP), according to preliminary data from the National Statistical Institute.

In 2022, the deficit was 4% of GDP, and in the last year before the start of the coronavirus pandemic (2019), a surplus of 2.1% of GDP was reported.

Bulgaria: Over 12% is the Annual Inflation in March

The annual inflation for March 2022 compared to March 2021 in Bulgaria is 12.4%, according to the National Statistical Institute.

The consumer price index for March 2022 compared to February 2022 is 102.2%, i.e. monthly inflation is 2.2%, Inflation since the beginning of the year (March 2022 compared to December 2021) is 5.2%.

Bulgarians Celebrate Palm Sunday

Today the Orthodox Church celebrates one of the great Christian holidays - the Lord's Entrance into Jerusalem. Days before the crucifixion of Jesus Christ, He was solemnly welcomed in the holy city by many people with palm branches and flowers. Hence the tradition of handing out willow twigs. The holiday is popular as Palm Sunday (Tsvetnitsa/Цветница or Vrabnitsa/Връбница).

Bulgaria: In January and February Exports increased by 34%, but the Balance was Negative

Bulgaria's total foreign trade balance was negative in the first two months of the year and amounted to BGN 2.46 billion, according to the National Statistical Institute. The balance with third countries in the period January - February 2022 is also negative and amounts to BGN 2.51 billion.