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Minister Nikolov: Our Efforts are Focused On Opening New Markets for Bulgarian Businesses

Minister Nikolov: Our Efforts are Focused On Opening New Markets for Bulgarian Businesses

The Bulgarian economy demonstrates stability and has grown by 2.2% in the third quarter, he stressed.

Export is one of the primary drivers of any economy. In this regard, the Ministry’s efforts are focused on opening new markets for Bulgarian businesses, which will create opportunities to diversify Bulgaria’s exports and mitigate the negative economic impacts observed in some European partners.

This was stated by the Minister of Economy and Industry, Petko Nikolov, during the official ceremony at which the annual Exporter of the Year awards were presented.

Minister Nikolov: Our Efforts are Focused On Opening New Markets for Bulgarian Businesses

Minister Nikolov stressed that the Bulgarian economy demonstrates stability despite numerous international crises. In his opinion, data from the National Statistical Institute indicate that in the third quarter of 2024, the Bulgarian economy grew by 2.2% compared to the same period of the previous year. “In the new autumn forecasts of the European Commission, the growth projection for GDP for the current and next year has been revised upward. To maintain this trend, one of our main priorities is to support Bulgarian companies so they can successfully compete in international markets,” he highlighted.

Dr. Nikolov indicated that Bulgarian export-oriented companies can rely on the team at the Ministry of Economy, the Bulgarian Export Insurance Agency, and the economic representatives abroad to seek opportunities for entering new markets and expanding their presence in traditional ones.

The Exporter of the Year awards were organized for the twelfth consecutive year by the website exporter. bg. The Ministry of Economy and Industry was the patron of the event, where export-oriented Bulgarian small and medium-sized enterprises were awarded.

Minister Nikolov presented the Grand Crystal Award for Exporter of the Year to Gopet Trans Ltd., a leading freight forwarding company with offices and representative branches in Bulgaria, Romania, Poland, Spain, Greece, and Turkiye.

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