Bulgarian Exports to Libya Last Year Grew by over 40%

Bulgarian Exports to Libya Last Year Grew by over 40%

Bulgarian exports to Libya last year grew by over 40% compared to 2021. This became clear during a meeting between the Minister of Economy and Industry Nikola Stojanov and the Ambassador of the State of Libya to our country H.E. Abu Bakr Ahmad Saeed Salih.

‘I believe that with joint efforts we will be able to restore the high level of bilateral economic relations between our two countries,’ Minister Stojanov said. For his part, Ambassador Salih stressed that ‘the most important task is to return good cooperation to the level it was years ago’. They discussed that there have always been good traditions between our countries in the field of education and identified the energy sector as a priority.

During the meeting, the Minister of Economy and the Libyan Ambassador commented on the holding of bilateral events with the participation of business representatives from both countries. Such forums will provide an opportunity for Bulgarian and Libyan companies to present their activities to each other, to get to know each other and to identify areas for future cooperation. ‘It is important to identify in advance the sectors of mutual interest, as well as companies that have potential for joint projects,’ Nikola Stojanov emphasized. They agreed on joint actions to organise reciprocal visits, accompanied by business forums, to promote direct contacts between the two countries.

In 2022, bilateral trade between Bulgaria and Libya reached over USD 215 million, while Bulgarian exports was worth USD 197 million.