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Russia

Contact Industrial Center of the Republic of Bulgaria in Moscow, Russian Federation

Contacts in the Ministry of Economy and Industry of the Republic of Bulgaria

Teodora Boteva
Director, Foreign Economic Cooperation Directorate
Tel.: +359 2 940 7701
E-mail: t.boteva@mi.government.bg

Nikolina Taneva
Expert, Russian Federation, Countries of the CIS and Georgia Department
Foreign Economic Cooperation Directorate
Tel.: +359 2 940 7778

E-mail: n.taneva@mi.government.bg

Alexander Angelov
Russian Federation, Countries of the CIS and Georgia Department
Foreign Economic Cooperation Directorate
Tel.: +359 2 940 7787
E-mail: a.angelov@mi.government.bg

Trade and economic relations between Republic of Bulgaria and Russian Federation

Association Agreement between the EU and Russian Federation

  1. Trade turnover (million USD)

Year

Total turnover

growth,%

Export

growth,%

Import

growth,%

Balance

2014

6 020,8

-15,6

706,2

-9,0

5 314,6

-16,4

– 4 608,4

2015

3 961,1

-34,2

443,4

-37,2

3 517,7

-33,8

– 3 074,3

2016

3 026,3

-23,6

434,0

-2,1

2 592,3

-26,3

– 2 158,3

2017

4 319,6

42,7

836,3

92,7

3 483,3

34,4

– 2 647,0

2018

4 144,0

-4,1

451,4

-46,0

3 692,6

+6,0

– 3 241,2

2019

4 269,5

-3,0

584,1

29,4

3 685,4

-0,2

– 3 101,3

2020

2 653,1

-37,9

485,5

-16,9

2 167,6

-41,2

– 1 682,1

2021

4 042,7

52,4

517,9

6,7

3 524,8

62,6

– 3 006,9

2022

6 842,7

69,3

508,4

-1,8

6 334,3

79,7

-5 825,9

2023

4 049,1

-40,8

540,5

6,3

3 508,6

-44,6

-2 968,1

Source: Ministry of Economy and Industry of the Republic of Bulgaria.

  1. Russian investments in Bulgaria (million euros)

According to the Bulgarian National Bank, the total foreign direct investments from Russia in Bulgaria at the end of 2023 amounted to 1759.7 million euros. The net foreign direct investments transactions from Russia to Bulgaria in 2023 amounted to – 158.4 million euros.

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