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Cyprus

Contact Bulgarian trade representatives worldwide

Contacts in the Ministry of Economy and Industry

Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy and Industry
Tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Dimitar Salov
Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy and Industry
tel.: + 359 2 9407710
d.salov@mi.government.bg

Economic relations between Bulgaria and Cyprus

  1. Trade turnover (million euro)

Year

Total turnover

growth,%

Export

growth,%

Import

growth,%

Balance

2013

117,5

-27,8

74,3

-11,1

43,2

-45,4

31,10

2014

134,6

14,55

99,2

33,51

35,4

-18,06

63,80

2015

193,8

43,98

153,1

54,33

40,7

14,97

112,40

2016

111,6

-42,41

82

-46,44

29,6

-27,27

52,40

2017

204,8

83,51

80,4

-1,95

124,4

320,27

-44,00

2018

228,4

11,52

102,4

27,36

126

1,29

-23,60

2019

255

11,65

110,7

8,11

144,3

14,52

-33,60

2020

163

-36,08

116,4

5,15

46,6

-67,71

69,80

2021

216,8

33,01

140,3

20,53

76,5

64,16

63,80

2022

237,5

9,55

185,7

32,36

51,8

-32,29

133,90

2023

202

-14,95

141,30

-23,91

60,7

17,18

80,60

Source: Ministry of Economy and Industry

  1. Cyprus investments in Bulgaria

According to the statistical data provided by the Bulgarian National Bank, the total amount of direct investments from Cyprus to Bulgaria until the end of the year 2023 is 2,738 billon euro.

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