Ivan Ivanov
e-mail:i.ivanov@mi.government.bg Contacts in the Ministry of Economy and Industry Vessela BayraktarovaHead of Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy
Tel.: +359 2 9407886
v.bairaktarova@mi.government.bg
Dimitar Salov
Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy
tel.: + 359 2 9407710
d.salov@mi.government.bg
Economic relations between Bulgaria and Cyprus
- Trade turnover (million euro)
| Year | Total turnover | growth,% | Export | growth,% | Import | growth,% | Balance |
| 2011 | 140.9 | 91.6 | 61.2 | 33.6 | 79.7 | 187.5 | -18.4 |
| 2012 | 162.6 | 15.4 | 83.6 | 36.5 | 79.0 | -0.8 | 4.6 |
| 2013 | 117.4 | -27.8 | 74.3 | -11.1 | 43.2 | -45.4 | 31.1 |
| 2014 | 134.6 | 14.6 | 99.2 | 33.6 | 35.4 | -18.0 | 63.8 |
| 2015 | 193.9 | 44.0 | 153.1 | 54.4 | 40.7 | 15.1 | 112.4 |
| 2016 | 111.6 | -42.4 | 82.0 | -46.5 | 29.6 | -27.2 | 52.4 |
| 2017 | 204.8 | 83.5 | 80.4 | -2.0 | 124.4 | 320.3 | -44.0 |
| 2018 | 228.4 | 11.5 | 102.4 | 27.4 | 126.0 | 1.3 | -23.6 |
| 2019 | 254.9 | 11.6 | 110.7 | 8.1 | 144.3 | 14.4 | -33.6 |
| 2020 | 163.0 | -36.1 | 116.4 | 5.2 | 46.6 | -67.7 | 69.8 |
| 2021 | 216.8 | 33.0 | 140.3 | 20.5 | 76.5 | 64.3 | 63.8 |
| 01-06.2021 | 85.7 |
| 65.1 |
| 20.5 |
|
|
| 01-06.2022 | 124.8 | 45.6 | 102.6 | 57.5 | 22.1 | 7.9 | 80.5 |
Source: Ministry of Economy and Industry
- 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 2021, is 2468 million euro.
In 2021 FDI from Cyprus to Bulgaria amounted to 28.6 million. euro. In the first quarter of 2022 the investment flow is 42.9 million euro and in the second quarter of 2022 the investment flow is -4.1 million euro.
- Tourism
| Year | Cypriot tourists in Bulgaria (border crossing) | % | Bulgarian tourists in Cyprus | % |
| 2011 | 16 665 | -7.2 | 12 896 | -7.2 |
| 2012 | 15 212 | -8.7 | 5 861 | -54.6 |
| 2013 | 13 935 | -8.4 | 10 084 | 72.1 |
| 2014 | 13 049 | -6.4 | 5 524 | -45.2 |
| 2015 | 14 166 | 8.6 | 6 485 | 17.4 |
| 2016 | 18 957 | 33.8 | 8 352 | 28.8 |
| 2017 | 22 346 | +17.9 | 13 834 | +65.6 |
| 2018 | 23199 | +3.8 | 13722 | -0.8 |
| 2019 | 26822 | +15.6 | 12564 | -8.4 |
| 2020 | 4542 | -83.1 | ||
| 2021 | 6316 | 39,1 | ||
| January-June 2022 | 6075 | 400 | ||
Source: Ministry of Tourism