Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Oslo, Norway, with accreditation for Iceland
Stoyan Mihaylov
Head of Commercial and Economic SectionContacts in the Ministry of Economy
Vessela Bayraktarova Head of Europe Department Foreign Economic Cooperation Directorate Ministry of Economy tel.: +359 2 9407886 v.bairaktarova@mi.government.bg Teodora Doycheva Chief expert, Europe department Foreign economic cooperation directorate Ministry of Economy tel.: + 359 2 940 7706 t.doycheva@mi.government.bgEconomic relations between Bulgaria and Norway
1. Trade turnover (mln. euro)
Year |
Total turnover |
% |
Export |
% |
Import |
% |
Balance |
2011 |
42.9 |
34.9 |
31.6 |
35.0 |
11.3 |
34.5 |
20.3 |
2012 |
38.6 |
-10.0 |
30.7 |
-2.8 |
7.9 |
-30.1 |
22.8 |
2013 |
51.2 |
32.6 |
35.5 |
15.6 |
15.7 |
98.7 |
19.8 |
2014 |
52.1 |
1.8 |
35.7 |
0.6 |
16.4 |
4.5 |
19.3 |
2015 |
50.6 |
-2.8 |
34.0 |
-4.7 |
16.6 |
-1.2 |
18.0 |
2016 |
58.2 |
-9.5 |
35.1 |
-42.8 |
23.1 |
38.7 |
31019 |
2017 |
70.9 |
10.6 |
40.2 |
-3.7 |
30.6 |
32.3 |
-73.9 |
2018 |
47.4 |
5.0 |
39.4 |
-2.0 |
29.2 |
14.2 |
4.3 |
2019 |
65.2 |
-12.4 |
42.5 |
7.9 |
22.6 |
-35.3 |
19.8 |
2020 |
69.5 |
6.4 |
46.6 |
9.4 |
22.8 |
0.9 |
23.7 |
2021 |
82.6 |
18.8 |
53.3 |
14.1 |
29.3 |
28.3 |
23.9 |
2. Norwegian investments in Bulgaria
Year |
Mln.eurо |
1998 |
0.3 |
1999 |
-1.8 |
2000 |
-0.2 |
2001 |
0.1 |
2002 |
0.2 |
2003 |
0.5 |
2004 |
1.0 |
2005 |
3.0 |
2006 |
16.1 |
2007 |
53.0 |
2008 |
25.7 |
2009 |
10.8 |
2010 |
-1.6 |
2011 |
-8.7 |
2012 |
-4.4 |
2013 |
-21.0 |
2014 |
-113.5 |
2015 |
115.5 |
2016 |
80.0 |
2017 |
-70.4 |
2018 |
114.6 |
2019 |
-0.9 |
2020 |
-5.7 |
2021 |
3.5 |
2022 Q1 |
-3.5 |
Source: Bulgarian National Bank
3. Tourism
Year |
Norwegian tourists in Bulgaria |
% |
Bulgarian tourists in Norway |
% |
2011 |
46 620 |
-12.7 |
1 742 |
-20.2 |
2012 |
27 070 |
-41.9 |
3 580 |
109.5 |
2013 |
29 003 |
7.1 |
5 652 |
57.9 |
2014 |
31 151 |
7.4 |
3 820 |
-32.4 |
2015 |
21 669 |
-30.4 |
4 677 |
22.4 |
2016 |
41 556 |
91.8 |
7 742 |
65.5 |
2017 |
44 528 |
7.2 |
8 323 |
7.5 |
2018 |
59 05137 |
32.6 |
8 469 |
1.8 |
2019 |
42 829 |
-27.5 |
8 706 |
2.8 |
2020 |
1100 |
-97.0 |
n/a |
|
2021 |
4419 |
148.8 |
n/a |
|
1-2.2022 |
513 |
207.2 |
n/a |
|
Source: Ministry of tourism