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Minister Karanikolov: Export to China is growing by 10% for the first half of 2018

Minister Karanikolov: Export to China is growing by 10% for the first half of 2018

For the past 10 years, the Bulgarian export to China has increased tenfold, and only for the first six months of 2018, it has grown by 10% compared to the same period in 2017, amounting to $ 366.7 million. This was stated by the Minister of Economy, Emil Karanikolov, during his visit to the Bulgarian stand at the First Issue of the Chinese International Import Expo /CIIE/, that takes place in Shanghai.

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Minister Karanikolov: German company is investing 15 million EUR nearby Lovech

Minister Karanikolov: German company is investing 15 million EUR nearby Lovech

A German company is investing 15 million EUR and will create 1000 new jobs near the town of Lovech. “VOSS Automotiv” plans on starting production within six months from now. That became clear during the company’s official presentation in Bulgaria, where the Minister of Economy, Emil Karanikolov, was present.

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For the first semester of 2018 the trade with China has increased by 22% in comparison to the same period of 2017 and exceeds 1.135 billion USD

For the first semester of 2018 the trade with China has increased by 22% in comparison to the same period of 2017 and exceeds 1.135 billion USD

The Minister of Economy Emil Karanikolov said this in his appeal during the Fourth meeting of local leaders under the “16+1” initiative, which was held in Sofia. The forum was opened by the Prime Minister Boyko Borissov where representatives of local authorities and more than 300 representatives of businesses from China, Bulgaria and countries from Central and Eastern Europe were present. The meeting was organized by the Ministry of the Bulgarian Presidency of the Council of the European Union and the Head of the Region of Sofia.

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Deputy Minister Borissov: The number of employees in the Automotive industry exceeds 50 thousand

Deputy Minister Borissov: The number of employees in the Automotive industry exceeds 50 thousand

The number of employees in the automotive industry continues to increase, now exceeding 50 thousand. The total revenue in 2017 generated by this sector is nearly 2.5 billion euro and represents 5% of Bulgaria’s GDP. This was stated by the Deputy Minister of Economy, Lachezar Borissov, at the International Conference “Automotive Forum Sofia 2018”, organized by Automotive Cluster Bulgaria.

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Minister Karanikolov turned the first shovel of soil at the German factory for automotive cable installations “Leoni”

Minister Karanikolov turned the first shovel of soil at the German factory for automotive cable installations “Leoni”

The German company for automotive cable installations Leoni plans an investment of 32 million euro and ensuring of 2000 jobs in Pleven town’s region. That was announced during the first shovel turned at the factory in the presence of the vice prime minister Tomislav Donchev, deputy minister of economy Lachezar Borissov, the mayor and governor of Pleven Georg Spartanski and Miroslav Petrov, executive directors of Leoni and others.

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Minister Karanikolov: The exchange between Bulgaria and the Republic of Korea marks a growth of about 80%

Minister Karanikolov: The exchange between Bulgaria and the Republic of Korea marks a growth of about 80%

“Throughout the first six months of 2018, the bilateral trade between Bulgaria and the Republic of Korea equals values of nearly 135 million USD, reaching a nearly 80% increase compared to the same period of 2017. This value includes 40.5 million USD export from Bulgaria and 94.2 million USD import from Korea.” This was announced by Minister Karanikolov on the occasion of the Republic of Korea’s National Day celebration.

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Deputy Minister Lilia Ivanova: The investments in the circular economy are estimated at 81 million EUR and create employment for 59thsd people in the country

Deputy Minister Lilia Ivanova: The investments in the circular economy are estimated at 81 million EUR and create employment for 59thsd people in the country

Private investments in Bulgaria in the group of economic sectors relevant to the circular economy are valued at around 81 million EUR, which is 0.18 % of the GDP and above the EU average of 0.12%. This was stated by the Deputy Minister of Economy Lilia Ivanova in her speech at the opening of the Conference on “Circular economy and environment”, organized by Srednogorie Cluster. The Deputy Minister added that the employed people in these sectors are over 59 thousand, accounting for an increase of 1.72%, while the added value amounts to around 521 million EUR and is also growing with 1.2%.

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Deputy Minister Lachezar Borissov: The bilateral trade between Bulgaria and Germany reached record levels of above 7 billion leva

Deputy Minister Lachezar Borissov: The bilateral trade between Bulgaria and Germany reached record levels of above 7 billion leva

“Bilateral trade between Bulgaria and Germany reached record high levels and exceeded 7 billion leva annually, which is an indicator that German investors view our country as a reliable and stable economic partner.” Deputy Minister Lachezar Borissov made this statement during the official reception of “25 years of German economic in Bulgaria”, organized by the German-Bulgarian industry and trade chamber.

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Minister Karanikolov opened the Bulgarian-Vietnamese Business Forum

Minister Karanikolov opened the Bulgarian-Vietnamese Business Forum

“The Bulgarian side is ready to support Vietnamese companies, wishing to invest in Bulgaria in sectors where we have traditional advantages and such that ensure high added value and increased competitiveness of the economy.” This was stated by the Minister of Economy Emil Karanikolov at the opening of the Bulgarian-Vietnamese Business Forum in Hanoi, Vietnam.

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Mutual recognition of goods: Council agrees position to reinforce the single market

Mutual recognition of goods: Council agrees position to reinforce the single market

The Council today agreed on a general approach on a draft regulation aimed at improving the mutual recognition of goods marketed in another member state.

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