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Latvia

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

  1. 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

  1. 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;

  1. 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

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