“Bulgarian exports of machinery and equipment show an increasing trend. According to the BNB, in 2022 exports of machinery and apparatus has grown by 30% compared to the previous year.” With these words the Deputy Minister of Economy and Industry Ivaylo Shotev opened the 14th edition of the largest international exhibition in Bulgaria MachTech&InnoTech 2023. According to him, the exported goods from the sector are worth about 2.5 billion euros. For the first half of 2023, exports of machinery amounted to 1.4 billion euros and increased by 9% compared to the same period of 2022. “These data show that the Bulgarian mechanical engineering and equipment industry continues to develop globally”, said Deputy Minister Shotev. The industry is traditionally developed and structurally decisive for the Bulgarian economy. According to the Deputy Minister of Economy, the mechanical engineering sector contributes about 7% to the added value created by the manufacturing industry and creates jobs for over 30 thousand people.
Deputy Minister Shotev stated the support of the Ministry of Economy and Industry for the development of the industry and for the creation of a predictable and stable environment to ensure the competitiveness of Bulgarian companies on the global markets. Bulgarian machines and apparatus are widely used abroad. The development prospects for the sector are good, especially for the production of high-tech and medium-tech machinery, which allows for successful integration into European and global value chains.
In recent years, MachTech&InnoTech has become an attraction for the industry in the Balkans and Eastern Europe. More than 150 companies leaders in the sector from Bulgaria, the Czech Republic, Austria, Turkey, Germany, Italy, Romania and China will participate in this year’s edition, presenting innovations in mechanical engineering, robotics and process digitalization.