Economy of Bulgaria

EUR 3.7 Billion is the Revenue from International Tourism in Bulgaria in 2019

3.7 billion euros are the revenues from international tourism for 2019 in Bulgaria, according to the data of the Bulgarian National Bank, announced today. The results show an increase of 0.4% compared to 2018.

In December 2019 alone, revenues from foreign tourists exceed € 165 million, an increase of 10 percent over the last month of 2018, according to the central

bank.

NSI: In January - November 2019, Bulgaria's Exports to EU Increase by 3.4% in Comparison with 2018

In the period January - November 2019, Bulgaria's exports to the EU grew by 3.4% in comparison with the same period of 2018 and amounted to BGN 36,223.9 Million, the National Statistical Institute said in a press release. The main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium, accounting for 66. 4% of the exports to the EU Member States.

What will the Adoption of the Euro Bring to Bulgaria?

Bulgaria can not expect that by replacing the lev with the euro this will automatically lead to higher growth for the economy. In order to reach it, additional efforts have to be made by the state. The main expected benefit may be the lower cost of doing foreign transactions, which can save the country several million euros a year.

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