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Belgium

Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Brussels, Belgium, with accreditation for Luxembourg

Bozhidar Patinov

Minister Plenipotentiary
Head of Trade and Economic Office
Embassy of the Republic of Bulgaria in Belgium
Address: Avenue Moscicki, 1180 Bruxelles
GSM: 00 32 471 36 32 65
Phone/Fax: 0032 2 280 34 63
e-mail: b.patinov@mi.government.bg

Contacts in the Ministry of Economy and Industry

Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg
Ketya Manoilova
State expert, Europe department
Foreign economic cooperation directorate
tel.: + 359 2 940 7823
k.manoilova@mi.government.bg

Еconomic relations between Bulgaria and Belgium

  1. Trade turnover (mln. euro)

Year

Total turnover

Growth, %

Export

Growth, %

Import

Growth, %

Balance

2011

1396.8

46.78

999.3

70.15

397.5

12.15

601.8

2012

1210.9

-13.3

765.9

-23.4

445.8

12.0

319.3

2013

1121.7

-26.9

642.7

-16.1

479

-37.7

163.7

2014

1441.5

28.5

903.4

40.6

538.1

12.3

365.3

2015

1460.9

1.3

853.7

-5.5

607.2

12.8

246.5

2016

1 254.1

-14.2

646.5

-24.3

607.6

0.1

38.9

2017

1 760.5

39.9

1 122.4

73.6

638.2

5.0

484.2

2018

1 620.2

-8.0

982.3

-12.5

637.95

0

344.3

2019

1493.2

-7.9

850.9

-13.4

642.3

0.6

208.7

2020

1548.4

3.7

963.7

13.3

584.6

-9.0

379.1

2021

1128.9

16.0

1128.9

16.0

757.3

29.5

371.6

2021 1-6

942.5

584.8

357.7

227.1

2022 1-6

929.6

-1.4

444.5

-24.0

485.1

35.6

-40.6

Source: Ministry of Economy and Industry

  1. Belgian Investments in Bulgaria

In 2021, Belgian investments in Bulgaria amounted to EUR 181.7 mln.

By the end of 2021, Belgium’s foreign direct investment in Bulgaria amounts to EUR 1851.0 million euros.

For the first quarter of 2022, Belgian investments in Bulgaria are 187.9 million euros. In the second quarter of 2022, investments have a negative sign, -110.3 million euros.

Source: Bulgarian National Bank

  1. Tourism – Belgium tourists in Bulgaria

Year

Belgium tourists in Bulgaria

2011

69 913

2012

66 345

2013

67 777

2014

88 571

2015

75 367

2016

89 542

2017

122 387

2018

117 535

2019

122 616

2020

12 800

2021

48 030

Source: Ministry of Tourism

The number of tourists from Belgium in the period January – December 2021 amounted to 48,030. A growth of 149.1% was registered for the period, compared to the same period in 2020.

In 2021, Bulgarian citizens made a total of 5,182,042 trips abroad, but the study by destinations for the period has been discontinued.

During the period January-June 2022, 19,001 Belgian tourists visited Bulgaria, which is an increase of 263.3% compared to the same period of 2021.

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