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Armenia

Contacts in the Ministry of economy and industry

Vessela Bayraktarova
Head of Department
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Nikolina Taneva
State Expert, Russian Federation, Countries of the CIS and Georgia Department

tel.: + 359 2 940 7778
n.taneva@mi.government.bg

Trade and economic relations between Republic of Bulgaria and Republic of Armenia

Association Agreement between the EU and Republic of Armenia

  1. Trade turnover (million USD)

Year

Total turnover

growth,%

Export

growth,%

Import

growth,%

Balance

2014

25,5

-7,6

24,8

11,1

0,8

-85,9

24,0

2015

23,2

-9,1

21,4

-13,4

1,7

131,1

19,7

2016

20,0

-13,7

19,7

-8,1

0,3

-83,0

19,4

2017

31,3

56,5

30,9

57,0

0,4

28,7

30,6

2018

27,4

-12,5

27,0

-12,9

0,4

14,4

26,5

2019

41,4

51,3

40,0

48,4

1,4

232,1

38,5

2020

40,5

-2,2

40,0

-0,1

0,6

-62,0

39,4

2021

42,6

5,0

41,7

4,4

1,0

88,5

40,5

2022

68,6

61,1

64,2

53,8

4,4

323,5

59,8

2023

81,5

18,8

78,3

22,0

3,2

-27,3

75,1

2024

75,8

-6,9

73,3

-6,4

2,5

-20,6

70,8

Source: Ministry of Economy and Industry of the Republic of Bulgaria.

  1. Armenian investments in Bulgaria (million euros)

According to the Bulgarian National Bank, the total foreign direct investments from Armenia in Bulgaria at the end of 2024 amounted to 46,9 million euros.

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