Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Brussels, Belgium, with accreditation for Luxembourg
Bozhidar Patinov
Minister PlenipotentiaryHead of Trade and Economic Office
Embassy of the Republic of Bulgaria in Belgium
Address: Avenue Moscicki, 1180 Bruxelles
GSM: 00 32 471 36 32 65
Phone/Fax: 0032 2 280 34 63 e-mail: b.patinov@mi.government.bg
Contacts in the Ministry of Economy and Industry
Vessela Bayraktarova Head of Europe Department Foreign Economic Policy 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 Luxembourg
- Trade turnover (mln. euro)
| Year | Export | Growth, % | Import | Growth, % | Balance | Total turnover | Growth, % |
| 2011 | 18.3 | -10.3 | 14.4 | 9.1 | -3.9 | 32.7 | -2.7 |
| 2012 | 3.8 | -79.2 | 20.8 | 44.4 | -17 | 24.6 | -24.8 |
| 2013 | 3.4 | -10.5 | 47.3 | 127.4 | -43.9 | 50.7 | 106.1 |
| 2014 | 2.6 | -23.5 | 76.1 | 60.9 | 73.5 | 78.8 | 55.2 |
| 2015 | 5.4 | 107.7 | 79.7 | 3.9 | 74.3 | 85.1 | 7.4 |
| 2016 | 6.1 | 13.7 | 87.3 | 9.5 | -81.2 | 93.5 | 9.9 |
| 2017 | 9.3 | 52.5 | 92.3 | 5.7 | -83.0 | 101.6 | 8.7 |
| 2018 | 11.2 | 20.4 | 50.3 | -45.5 | -39.1 | 61.5 | -39.5 |
| 2019 | 13.0 | 16.3 | 43.3 | -13.8 | -30.3 | 56.4 | -8.3 |
| 2020 | 15.3 | 17.8 | 38.9 | -10.2 | -23.5 | 54.2 | -3.8 |
| 2021 | 56.5 | 268.8 | 55.2 | 42.3 | -1.3 | 111.6 | 106.4 |
| 2021 1-6 | 14.2 | 27.2 | -12.9 | 41.4 | |||
| 2022 1-6 | 67.4 | 374.2 | 49.9 | 83.6 | 17.6 | 117.3 | 183.5 |
Source: Ministry of Economy and Industry
- Luxembourg investments in Bulgaria
In 2021, net investment from Luxembourg amounted to EUR 552.0 million.
By the end of 2021, Luxembourg’s foreign investments in Bulgaria amount to EUR 2747.8 million.
For the first quarter of 2022, investments from Luxembourg have a negative value, -56.1 million euros. In the second quarter of 2022, no inflow investment from Luxembourg is registered.
3.Тourists from Luxembourg in Bulgaria
| Year | Tourists in Bulgaria |
| 2011 | 1 991 |
| 2012 | 1 951 |
| 2013 | 4 281 |
| 2014 | 7 375 |
| 2015 | 7 339 |
| 2016 | 7 893 |
| 2017 | 7 577 |
| 2018 | 5 075 |
| 2019 | 4 519 |
| 2020 | 878 |
| 2021 | 2 225 |
Source: Ministry of Tourism
For the period January-December 2021, tourists from Luxembourg were 2,225, with a registered growth of 153.4%.
In 2021, Bulgarian citizens made a total of 5,182,042 trips abroad, but the research by destinations has been discontinued.
For the period January-June 2022, Luxembourg tourists are 627, with a growth of 86.1%.