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The United Kingdom of Great Britain and Northern Ireland

Commercial and Economic Section of the Embassy of the Republic of Bulgaria in London, UК.
Krassimir Kiriakov
Head of Commercial and Economic Section
Embassy of the Republic of Bulgaria
186-188, Queen’s Gate,London SW7 5HL
Tel: +44 207 5814903;
fax: +44 207 589 4875
e-mail: k.kiriakov@mi.government.bg;
Maria Angelieva
186-188 Queen`s Gate, London SW7 5 HL, Great Britain
тел.: +4420 7589 4875; +4420 7584 9400
e-mail: m.angelieva@mi.government.bg
https://www.facebook.com/BGEconOfficeUK
https://twitter.com/BGEconOfficeGB
https://www.linkedin.com/in/%D1%81%D1%82%D0%B8%D0%B2-%D0%B2%D0%B5%D0%BB%D0%B8%D0%BA%D0%BE%D0%B1%D1%80%D0%B8%D1%82%D0%B0%D0%BD%D0%B8%D1%8F-b919b813a
Contacts in the Ministry of Еconomy and Industry
Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg
Ketya Manoilova
State expert, Europe department
Foreign economic cooperation directorate
Ministry of Economy
tel.: + 359 2 940 7823
k.manoilova@mi.government.bg

Economic relations between Bulgaria and UK

  1. Trade turnover (mln. euro)

Year

Export

Growth %

Import

Growth %

Balance

Total turnover

Growth %

2011

370.4

22.3

364.5

20.2

5.9

734.9

21.2

2012

398

7.5

365.2

0.2

32.8

763.2

3.9

2013

469.3

17.9

382.2

4.6

87.1

851.5

11.5

2014

488.99

4.2

444.2

16.3

45.1

933.2

9.6

2015

586.2

19.9

481.8

8.5

80.2

1068

14.4

2016

591.1

0.8

600.3

24.6

-9.2

1 191.4

11.6

2017

650.7

10.1

475.6

-20.8

174.9

1 126.3

-5.5

2018

696.97

7.1

492.2

3.5

204.7

1 189.2

5.6

2019

699.7

0.4

460.4

-6.5

239.4

1 160.1

-2.4

2020

666.1

-4.8

389.9

-15.3

276.2

1055.96

-9.0

2021

624.3

-6.3

305.5

-21.6

318.8

929.9

-11.9

2021 1-6

312.1

140.4

171.7

452.4

2022 1-6

377.5

20.9

178.5

27.1

199.0

555.9

22.9

Source: Ministry of Economy and Industry

  1. British investments in Bulgaria

For 2021 the value of British investments in Bulgaria is negative, -45.6 million euros.

By the end of 2021, the value of British investment amounted to 2245.9 million euros, which ranks the United Kingdom 9th after the Netherlands, Austria, Germany, Italy, Switzerland, Luxembourg, Greece and Cyprus.

In the first quarter of 2022, British investments in Bulgaria have a negative value, -28.6 million euros, i.e. cash flows outflow and in the second quarter British investments were 23.3 million euros.

  1. Tourism

Year

British tourists in Bulgaria

%

Bulgarian tourists in UK

%

2011

284 882

-1.5

77 675

0.6

2012

264 560

-7.1

85 388

9.9

2013

257 748

-2,6

85 365

0,0

2014

247 018

-4,2

101 737

19,2

2015

244 353

-1.1

121 745

19.7

2016

273 133

11.8

141 941

16.6

2017

338 114

23,8

170 367

20,0

2018

389 661

15,2

178 589

4,8

2019

470 149

20,7

187 850

5,2

2020

90 544

-80,7

2021

54 989

-39,3

Source: Ministry of tourism

In 2021, Bulgarian citizens made total of 5 182 042 trips abroad, but the study by destinations has been discontinued.

In the period January-June 2022, 142,928 British tourists visited Bulgaria, which is a 1012.3% increase compared to the same period of 2021.

In November, Bulgaria traditionally participates in the world’s largest tourist exhibition in Great Britain – World Travel Market.

British tourists are interested in Bulgarian spa centers, sea and mountain holidays, ski-tourism, circular and combined sightseeing tours.

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