Minister Bogdanov: Trading between Bulgaria and Greece reached record levels of 5.9 billion euro

Minister Bogdanov: Trading between Bulgaria and Greece reached record levels of 5.9 billion euro

Dronamix launches first cargo flights in the Greek market

“Trading between Bulgaria and Greece reached a record level of 5.9 billion euros in 2022, registering approximately 30% growth compared to 2021.” With these words the Minister of Economy and Industry Bogdan Bogdanov opened the Bulgarian Pavilion at the 87th Thessaloniki International Fair, together with his Greek counterpart, the Minister of National Economy and Finance Konstantinos Hadzidakis. From the Bulgarian side, the event was also attended by the Ministers of Finance and of Tourism – Assen Vassilev and Zaritza Dinkova, as well as by representatives of enterprises, organizations and institutions.

Minister Bogdanov: Trading between Bulgaria and Greece reached record levels of 5.9 billion euro

This year’s edition of the exhibition starts today in Thessaloniki, Greece with a focus on Bulgaria as an honorary guest country. The two ministers commented on the unlimited growth opportunities that Bulgaria and Greece can achieve by building on their economic and trade potential. “Greece is an important trade partner of Bulgaria,” Minister Bogdanov stressed. In his words, our country is an attractive investment destination for Greek business and the proof of this is the increased presence of companies with Greek capital – already over 18,000. “The Greek investments in Bulgaria reach more than 3 billion euros, and in 2023 the foreign direct investments in Bulgaria will amount to more than 300 million euros,” he said. Minister Bogdanov stressed that the two countries have the potential to create together a regional energy hub for South-Eastern Europe, the importance of which will be both regional and with a serious positive impact across Europe. Greek Minister of National Economy and Finance Konstantinos Hadzidakis announced that Bulgaria is the second most important destination for exports of goods by Greek entrepreneurs. “We will deepen bilateral cooperation in the innovation, new technologies and energy sectors,” he added.

The two ministers toured the Bulgarian stands at the 87th Thessaloniki International Fair. This year our country is represented by 60 Bulgarian companies and organizations from different sectors. Minister Bogdanov announced the launch of two new projects – the first cargo flights by the Bulgarian company Dronamix on the Greek market and Endurosat’s new programme for launching a satellite constellation into low earth orbit. Greece is the first market where Dronamix will start commercial flights. Their partner in our southern neighbour is the logistics company Golden Cargo, part of Golden Union. The first routes in Greece will connect Athens with Crete and with Kavala, with other destinations to be opened in 2024, served by Dronamix with drones manufactured in Bulgaria. Endurosat’s Bulgarian Sentinel Program is expected to be launched next year and to provide tremendous opportunities for the development of new technologies for security, environmental monitoring and early disaster and accident prevention.

In his opening speech, Minister Bogdanov addressed all the victims of the natural disasters and the floods in Bulgaria and Greece and expressed his condolences to the families of the victims.

The national participation in the 87th edition of the Thessaloniki International Fair is organized by the Ministry of Economy and Industry. At the Bulgarian national stand in Thessaloniki will be represented enterprises, organizations and institutions such as the Bulgarian Investment Agency (BAI), the National Company of Industrial Zones (NKIZ), the Bulgarian Academy of Sciences (BAS) and others. Dozens of Bulgarian companies from various sectors such as high-tech and IT, companies related to the food industry, education, transport, mechanical engineering and others will present their activities at separate stands.

More information about Bulgarian participation here: https://www.thessalonikifair.gr/en/honored-country-bulgaria .