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
- 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.