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Iceland

Contacts in the Ministry of Economy, investments and Industry

Vessela Bayraktarova
Head of Europe and Central Asia Department
Foreign Economic Policy and International Cooperation Directorate
Tel.: +359 2 9407886
E-mail: v.bairaktarova@mi.government.bg

Anna Lazarova
State expert, Europe and Central Asia Department
Foreign Economic Policy and International Cooperation Directorate
Tel.: + 359 2 940 7709
E-mail: a.lazarova@mi.government.bg

Trade and economic relations between Bulgaria and Iceland

  1. Trade turnover (thousands euro)

year

Total turnover

Growth

%

Export

Growth

%

Import

Growth

%

Balance

2020

3 589.1

30.4

875.7

-15.3

2 703.4

58.1

-1 827.7

2021

3 427.1

-4.5

1 608.0

83.6

1 819.1

-32.7

-211.1

2022

4 080.0

11.4

2 068.0

15.2

2 012.0

7.8

55.0

2023

4.0

0

2.31

12.1

1.69

-17.2

0.624

2024

4.32

8.8

3.06

32

1,26

-31

1,8

2025

5.13

15.3

2.91

-5

2.21

79.1

0.693

Source: Ministry of Economy, Investments and Industry

  1. Icelandic investments in Bulgaria

According to the Bulgarian National Bank, the total foreign direct investments from Iceland in Bulgaria at the end of 2025 amounted to 26.7 mln euros.

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