Last year, Bulgarian exports to the USA grew by over 50% and amounted to nearly USD 1 billion. This was announced by the Minister of Economy and Industry Nikola Stoyanov at the opening of the International Conference “EXPLORE U.S.”. The event was also attended by Minister of Innovation and Growth Alexander Pulev, U.S. Assistant Secretary of State for Energy Resources Geoffrey Payette, President of the American Chamber of Commerce in Bulgaria Olivier Marquette, U.S. Ambassador to Bulgaria Herro Mustafa, Executive Director of the Executive Agency for the Promotion of Small and Medium Enterprises Boyko Takov and others.
“America is one of the most competitive markets in the world. The fact that our companies are showing such impressive growth in exports is indicative of the quality of our production,” Minister Stoyanov said. According to him, bilateral trade last year amounted to USD 1.3 billion and will continue to grow in 2022.
“Bulgaria and the US are far away geographically, but getting closer economically,” he said. Thousands of Bulgarians live and work in America and American companies provide about 30,000 jobs in the Bulgarian economy, the economic minister said. According to an AmCham survey, the US is in the top 6 of foreign businesses in our country, concentrated in high value-added sectors.
Minister Nikola Stoyanov addressed a message to the representatives of the American business to look for partnership or investment in Bulgaria, because the talent of the Bulgarian staff can ensure their growth tomorrow, despite the crisis. He also assured the Bulgarian companies that they have the full support of the state to position and develop on the American market.
Nikola Stoyanov also presented the new initiative launched last week – “breakfast for investors”, expecting a similar meeting with American companies in Bulgaria. The aim is for foreign businesses in Bulgaria to have the opportunity to comment in an informal setting on their problems and future plans with the acting minister.