Our trade with Turkey grew by 9.2% in the first three months of the year
The Minister of Economy and Industry Bogdan Bogdanov and the Ambassador of Turkey H.E. Eileen Sekizkök discussed intensifying economic cooperation and projects for new investments.
The two discussed opportunities for mutual investment promotion and protection. They also discussed the sectors with potential for trade growth, including information and communication technologies, innovations such as technology parks and digitalization of trade, engineering, etc.
During the meeting, the opportunities for Turkish investments in the country’s transport infrastructure were also discussed, as well as the potential of Bulgarian companies in wagon building and locomotive maintenance.
Minister Bogdanov stressed to Ambassador Sekizkök that Bulgaria’s accession to Schengen is a top priority for our country. He explained that our membership in the zone will also benefit the Turkish companies that have invested in Bulgaria.
Turkey is a strategic investor in Bulgaria, a leading partner outside the European Union. In the first quarter of 2023, trade between the two countries was 1.7 billion euros, an increase of 9.2% compared to the same period in 2022. In the first three months of the year, exports to Turkey also grew, by 6.1%, and now stand at EUR 718 million, while imports amounted to EUR 1 billion, an increase of 8.3%. The interest of Turkish companies in Bulgaria is in projects related to energy infrastructure, construction, production of parts for the automotive industry, food and textile industry, etc.