Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Warsaw, Poland
Accreditation for Lithuania, Latvia and Estonia Yordan Draganchev Head of Commercial and Economic Section Embassy of the Republic of Bulgaria Al. Ujazdowskie 33/35, 00-540 Warszawa, Poland tel: +48 22 621 25 35; fax: +48 22 625 59 89; mob.: +48 602 763 100;e-mail: y.draganchev@mi.government.bg https://www.facebook.com/BGEconOfficePL https://twitter.com/@BGEconOfficePL https://www.linkedin.com/in/%D1%81%D1%82%D0%B8%D0%B2-%D0%B2%D0%B0%D1%80%D1%88%D0%B0%D0%B2%D0%B0
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
- Trade turnover (mln. euro)
| Year | Total turnover | Change % | Export | Change % | Import | Change % | Balance |
| 2011 | 35.865 | 25.5 | 23.184 | 36.94 | 12.681 | 8.86 | 10.503 |
| 2012 | 44.222 | 23.3 | 27.320 | 17.8 | 16.902 | 33.4 | 10.418 |
| 2013 | 35.826 | -23.4 | 25.071 | -8.2 | 10.755 | -36.1 | 14.316 |
| 2014 | 38.080 | 6.3 | 25.715 | 2.6 | 12.365 | 15.3 | 13.350 |
| 2015 | 54.415 | 42.9 | 25.559 | -5.9 | 28.856 | 133.5 | -3.297 |
| 2016 | 62.749 | 15.3 | 27.356 | 7.0 | 35.393 | 22.7 | -8.037 |
| 2017 | 65.554 | 4.5 | 29.707 | 8.6 | 35.846 | 1.4 | -6.139 |
| 2018 | 71.792 | 9.5 | 37.610 | 26.6 | 34.182 | -4.6 | 3.428 |
| 2019 | 61.658 | -14.1 | 30.153 | -19.8 | 31.504 | -7.8 | -1.350 |
| 2020 | 69.693 | 13.0 | 42.816 | 42.0 | 26.875 | -14.7 | 15.940 |
| 2021 | 70.323 | 0.9 | 38.614 | -9.8 | 31.709 | 18.0 | 6.905 |
| 2022-1-6 | 55.013 | 72.7 | 20.056 | 11.6 | 34.957 | 151.8 | -14.901 |
Source: Ministry of Economy and Industry
- Latvian investments in Bulgaria
According to BNB data by the end of 2020 the total value of Latvian investments in Bulgaria amounts to EUR 170.6 million. According to BNB data in 2020 the value of investments from Latvia in Bulgaria is positive and amounts to 0.2 million euros.
According to BNB data by the end of 2021 the total value of Latvian investments in Bulgaria amounts to EUR 174.4 million. According to BNB data in 2021 the value of Latvian investments in Bulgaria is negative and amounts to EUR -5.0 million.
According to BNB data, in 2022 the value of investments from Latvia in Bulgaria amounts to:
for the period January – March are -0.4 million euros;
for the period April – June are 0.2 million euros;
- Tourism
| Year | Latvian tourists in Bulgaria | % Change | Bulgarian tourists in Latvia | % Change |
| 2016 | 15 934 | +153.7% | 1 968 | +92.0 |
| 2017 | 17 842 | +12.0 | 6 820 | +246.5 |
| 2018 | 23 431 | +31.3 | 7 023 | +3.0 |
| 2019 | 21 992 | -6.1 | 7 774 | +10.1 |
| 2020 | 3 647 | -83.4 | n/а* |
|
| 2021 | 9 341 | +156.1 | n/а* |
|
| 2022-01-06 | 5 228 | +122.8 | n/а* |
|
Source: Ministry of Tourism