Global India business forum presented honorary membership (Mr) ILIYA DEKOV, Minister
Plenipotentiary, Head of Trade and Economic Affairs, Embassy of the Republic of Bulgaria to India.
Ambassador and Consul General
INDIA - BULGARIA BUSINESS & CULTURAL COUNCIL
Global India business forum presented honorary membership (Mr) ILIYA DEKOV, Minister Plenipotentiary,
Head of Trade and Economic Affairs, Embassy of the Republic of Bulgaria to India. We had a fruitful
discussion to collaborate GIBF and Bulgaria to explore different business opportunities and trade
between two countries. Global President- GIBF Dr. Jitendra Joshi and Director - Global Operations
Deepali Gadkari attend the meeting.
Fuels, manufactured goods (clothing, footwear), machinery and transport
equipment and chemicals.
Raw materials, oils and mineral fuels, electrical machinery, industry machinery,
motor vehicles, and parts, plastic, pharma products, ores, and iron and steel
material
ABOUT
ABOUT BULGARIA
BUSINESS OPPORTUNITIES
BUSINESS OPPORTUNITIES IN Bulgaria
Bulgaria is one of the most business-friendly and cost-effective country for foreign investments
in
comparison to other member states of the European Union. The country’s tax system offers the
lowest
corporate tax in the EU. It has a qualified and cost-effective workforce, affordable office
rents,
and low production and transport costs. The cost of doing business is very competitive for
foreign
investors.
EXPORTS AND IMPORTS IN BULGARIA
In January-August 2022, Bulgarian export increased by 41.6% and the import by 45.3%,
year-on-year. According to snap statistics, the exports were worth BGN 62,164.8 million
and the imports BGN 70,223.1 million (at CIF prices)
TOP EXPORTS OF BULGARIA
Bulgaria majorly exports refined copper ($1.2B), packaged medicaments ($1.08B), refined
petroleum ($1.02B), raw copper ($1.01B) and precious metal ore ($761M), to Germany
($5.31B), Romania ($2.94B), Italy ($2.51B), Turkey ($2.1B), and Greece ($2.01B).
TOP IMPORTS OF BULGARIA
The countrys main imports are copper ore ($1.62B), crude petroleum ($1.42B), packaged
medicaments ($1.3B), cars ($1.19B), and broadcasting equipment ($675M) from Germany
($3.99B), Turkey ($2.63B), Romania ($2.59B), Italy ($2.29B), and Russia ($2.15B).
