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Latvia

Contact Bulgarian trade representatives worldwide

Contacts in the Ministry of Economy and Industry

Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
tel.: +359 2 940 7886
v.bairaktarova@mi.government.bg

Elvira Andreycheva
Chief expert, Europe department
Foreign Еconomic Cooperation Directorate
tel.: + 359 2 940 7751
e.andreicheva@mi.government.bg

Economic relations between Bulgaria and Latvia

  1. Trade turnover (mln. euro)

Year

Total turnover

Change %

Export

Change %

Import

Change %

Balance

2015

54.4

42.9

25.5

-5.9

28.8

133.5

-3.2

2016

62.6

15.3

27.3

7.0

35.3

22.6

-8.0

2017

65.5

4.6

29.7

8.8

35.8

1.4

-6.1

2018

71.7

9.5

37.6

26.6

34.1

-4.8

3.5

2019

61.6

-14.1

30.1

-20.0

31.5

-7.6

-1.4

2020

69.6

13.0

42.8

42.2

26.8

-14.9

16.0

2021

70.3

1.0

38.6

-9.8

31.7

18.3

6.9

2022

99.5

41.5

45.9

18.9

53.6

69.1

-7.7

2023

100.4

0.9

56.8

23.8

43.6

-18.7

13.2

Source: Ministry of Economy and Industry

  1. Latvian investments in Bulgaria

According to the Bulgarian National Bank, the total foreign direct investments from Latvia in Bulgaria at the end of December 2023 amounted to 162.4 bn euros.

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