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Georgia

Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Tbilisi, Georgia

Krasen Balev
Head of Commercial and Economic Office
Embassy of the Republic of Bulgaria in Georgia
Krtsanisi area, Vakhtang Gorgasali str., exit № 15,
0105 Tbilisi, Georgia
Mobile.: +
995 591 988 449
e-mail:
k.balev@mi.government.bg

Contacts in the Ministry of Economy and Industry of the Republic of Bulgaria

Vessela Bayraktarova
Head of Department
Tel.: +359 2 940 7886
E-mail: v.bairaktarova@mi.government.bg

Bogdana Grigorova
Expert
Tel.: +359 2 940 7789

E-mail: b.grigorova@mi.government.bg

Trade and economic relations between Republic of Bulgaria and Georgia

  1. Trade turnover (Mln. USD)

Year

Total turnover

growth,%

Export

growth,%

Import

growth,%

Balance

2014

537,1

0,7

248,2

-0,1

288,9

1,4

-40,7

2015

431,8

-19,6

179,1

-27,9

252,7

-12,5

-73,6

2016

342,5

-20,7

183,7

2,6

158,8

-37,2

24,9

2017

537,4

56,9

201,4

9,7

336,0

111,5

-134,6

2018

594,8

10,7

209,7

4,1

385,0

14,6

-175,3

2019

548,1

-7,8

169,8

-19,1

378,4

-1,7

-208,6

2020

691,7

26,2

152,9

-9,9

538,8

42,4

-385,9

2021

668,8

-3,3

230,2

50,5

438,6

-18,6

-208,4

2022

818,3

22,4

266,6

15,8

551,7

25,8

-285,1

2023

633,4

-22,6

310,8

16,6

322,6

-41,5

-11,7

1-6.2023

271,9

-35,0

100,4

-31,6

171,5

-36,8

-71,1

1-6.2024

268,3

-1,3

182,2

81,4

86,1

-49,8

96,1

Source: Ministry of Economy and Industry of the Republic of Bulgaria

  1. Georgian investments in Bulgaria

According to the Bulgarian National Bank, the total foreign direct investments from Georgia in Bulgaria at the end of 2023 amounted to 15.3 mln. euros. Foreign direct investments net transactions from Georgia to Bulgaria in 2023 amounted to 0.6 mln. euros.

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