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Italy

Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Rome, Italy

Ivaylo Kojouharov

i.kojouharov@mi.government.bg

Commercial and Economic Office in Milan, Italy

Andriana Koleva

a.koleva@mi.government.bg
Contacts in the Ministry of Еconomy and Industry
Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Ketya Manoilova
State expert, Europe department
Foreign economic cooperation directorate
tel.: + 359 2 940 7823
k.manoilova@mi.government.bg

Economic relations between Bulgaria and Italy

  1. Trade turnover (mln. euro)

Year

Export

Growth %

Import

Growth %

Total turnover

Growth %

Balance

2011

1 720.7

13.9%

1 667.1

17.6%

3 387.8

15.7%

53.6

2012

1 763.8

2.5%

1 685.4

1.1%

3 449.2

1.8%

78.4

2013

1 925.3

9.2%

1 921.5

14.0%

3 846.7

11.6%

3.8

2014

1 980.3

1.7%

1 839.6

-4.3%

3 819.9

-0.7%

141.0

2015

2 135.5

7.8%

1 996.7

8.5%

4 132.2

8.2%

138.8

2016

2 170.2

1.5%

2 067.5

3.6%

4 237.7

2.5%

102.7

2017

2 212.2

1.9%

2 006

6.2%

4 069

4%

57

2018

2 433.4

10.0%

2 422.0

10.4%

4 855.4

10.2%

11.4

2019

2 186.6

-10.0

2 509.0

3.4

4 695.5

-3.3

-322.4

2020

1 922.8

-12.1

2 173.0

-13.4

4 095.8

-12.8

-250.1

2021

2 621.6

36.4

2 589.9

18.9

5 211.4

27.1

31.7

2021 1-6

1257.7

1219.1

2476.8

38.6

2022 1-6

1894.2

50.6

1570.9

28.9

3465.1

39.9

323.3

Source: Ministry of Economy and Industry

  1. Italian investments in Bulgaria

According to the statistical data provided by the Bulgarian National Bank, the total amount of direct investments from Italy to Bulgaria until the end of the year 2021, is 2.92 billion euro.

In 2021 FDI from Italy to Bulgaria amounted to 186.5 million euro. For the first quarter of 2022, the BNB reports 113.5 million euros of investments originating from Italy, and in the second quarter of this year they have a negative value, -61.9 million euros.

  1. Tourism

Year

Italian tourists in Bulgaria (border crossing)

%

2011

105 740

4.0%

2012

104 310

-1.3%

2013

108 603

4.1%

2014

129 223

19.0%

2015

132 245

2.3%

2016

145 113

9.7%

2017

163 566

12,7%

2018

157 743

-3.6%

2019

156 564

-0,7

2020

40 122

-74,4%

2021

55 725

38,9%

2022 1-6

42 796

245,2%

Source: Ministry of Tourism

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