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Czech Republic

Contact Bulgarian trade representatives worldwide

Contacts in the Ministry of Еconomy and Industry

Vessela Bayraktarova
Head of Europe, Russian Federation and CIS countries and Georgia Department Department
Foreign economic policy and international cooperation
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Svetoslav Stoynev
Chief expert, Europe, Russian Federation and CIS countries and Georgia Department
Foreign economic policy and international cooperation
tel.: + 359 2 940 7706
s.stoynev@mi.government.bg

Economic relations between Bulgaria and the Czech Republic

1. Trade Turnover (in million EUR)

Year

Turnover

Change %

Export

Change %

Import

Change % / Balance

2019

1,561.0

709.7

851.3

-141.6

2020

1,463.5

-6.2%

647.4

-8.8%

816.1

-166.7

2021

1,727.7

18.0%

761.4

17.6%

966.3

-204.9

2022

2,234.0

29.3%

780.5

2.5%

1,228.3

-447.8

2023

2,236.2

0.1%

836.0

7.1%

1,400.2

-564.2

2024

1,888.6

-15.5%

759.1

-9.2%

1,129.4

-370.3

Source: Ministry of Economy and Industry

2. Leading Goods: Imports and Exports

Leading goods imported from Czech Republic to Bulgaria in 2024:

HS Code

Description

EUR ‘000

%

8703

Passenger motor vehicles

1,452

0.2

8543

Special purpose electrical machines

1,996

0.3

8517

Electrical apparatus for telephony/telegraphy

4,498

0.6

8538

Parts for apparatus of HS 8535, 8536, 8537

35,580

4.7

8504

Electrical transformers and converters

3,482

0.5

8807

Parts for aircraft

122

0.0

8536

Electrical circuit apparatus

4,363

0.6

9018

Medical, surgical instruments and apparatus

5,203

0.7

8417

Automatic data processing machines

1,609

0.2

1905

Bakery and pastry products

10,943

1.4

Source: Ministry of Economy and Industry

Leading Goods exported from Bulgaria to Czech Republic in 2024:

HS Code

Description

EUR ‘000

%

8544

Insulated electric wires and cables

121,945

16.1

8537

Boards, panels, consoles for electric control

60,120

7.9

3004

Medicaments for therapeutic/prophylactic uses

36,015

4.7

8538

Parts for apparatus of HS 8535, 8536, 8537

35,580

4.7

7409

Copper plates, sheets, strips

34,461

4.5

8708

Motor vehicle parts and accessories

24,849

3.3

9401

Chairs and seats

19,425

2.6

7801

Unwrought lead

18,056

2.4

1806

Chocolate and other food preparations containing cocoa

15,520

2.0

7322

Central heating radiators and parts

13,669

1.8

Source: Ministry of Economy and Industry

3. Investments

According to preliminary data from the Bulgarian National Bank, cumulative investments from Czech Republic in Bulgaria at the end of Q4 2024 amounted to EUR 486.2 mm.

4. Others

  1. WORKING GROUP FOR ECONOMIC COOPERATION

Bilateral cooperation between Bulgaria and Czech Republic is actively developing at the institutional level. A Working Group for Economic Cooperation was established between the Ministry of Economy of Bulgaria and the Ministry of Industry and Trade of the Czech Republic under the Memorandum of Cooperation signed on 9 November 2004.

The Ninth Session of the Working Group for Economic Cooperation between Bulgaria and Czech Republic was held on 28 April 2022 in Prague.

5. Legal Framework

    • Agreement on Avoidance of Double Taxation and Prevention of Tax Evasion with respect to Taxes on Income and on Capital, signed in April 1998, effective from 28 December 1999.
    • Memorandum of Cooperation between the Ministry of Economy of Bulgaria and the Ministry of Industry and Trade of the Czech Republic, effective from 9 November 2004, establishing the Working Group.
    • Memorandum of Cooperation for exchange of information, experience, and best practices in SME policy and strategy between the Bulgarian SME Promotion Agency (IANMSP) and the Confederation of Industry of the Czech Republic.

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