The United Kingdom of Great Britain and Northern Ireland
 

Commercial and Economic Section of the Embassy of the Republic of Bulgaria in London, UK, with accreditation for Ireland

Tanya Koicheva
Head of Commercial and Economic Section
Embassy of the Republic of Bulgaria
186-188, Queen's Gate,London SW7 5HL
Tel: +44 207 5814903;
fax: +44 207 589 4875
e-mail: t.koicheva@mi.government.bgt.koicheva@bulgarianembassy.org.uk

Maria Angelieva
186-188 Queen`s Gate, London SW7 5 HL, Great Britain
тел.: +4420 7589 4875; +4420 7584 9400
e-mail:  m.angelieva@mi.government.bg


https://www.facebook.com/BGEconOfficeUK
https://twitter.com/BGEconOfficeGB
https://www.linkedin.com/in/%D1%81%D1%82%D0%B8%D0%B2-%D0%B2%D0%B5%D0%BB%D0%B8%D0%BA%D0%BE%D0%B1%D1%80%D0%B8%D1%82%D0%B0%D0%BD%D0%B8%D1%8F-b919b813a

Contacts in the Ministry of Еconomy

Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Ketya Manoilova
State expert, Europe department
Foreign economic cooperation directorate
Ministry of Economy
tel.: + 359 2 940 7823
k.manoilova@mi.government.bg

Economic relations between Bulgaria and UK

1. Trade turnover (mln. euro)

Year

Export

Growth %

Import

Growth %

Balance

Total turnover

Growth %

2011

370.4

22.3

364.5

20.2

5.9

734.9

21.2

2012

398

7.5

365.2

0.2

32.8

763.2

3.9

2013

469.3

17.9

382.2

4.6

87.1

851.5

11.5

2014

488.99

4.2

444.2

16.3

45.1

933.2

9.6

2015

586.2

19.9

481.8

8.5

80.2

1068

14.4

2016

591.1

0.8

600.3

24.6

-9.2

1 191.4

11.6

2017

650.7

10.1

475.6

-20.8

174.9

1 126.3

-5.5

2018

696.97

7.1

492.2

3.5

204.7

1 189.2

5.6

2019

699.7

0.4

460.4

-6.5

239.4

1 160.1

-2.4

2020

666.1

-4.8

389.9

-15.3

276.2

1055.96

-9.0

2020 1-6

315.1

162.9

152.2

478.0

2021 1-6

305.5

-3.0

140.3

-13.9

165.2

445.8

-6.7

Source: Ministry of economy

2. British investments in Bulgaria

Year

Mln.eurо

2005

343.4

2006

820.4

2007

833.6

2008

637.4

2009

251.1

2010

-257.9

2011

-298.4

2012

-71.5

2013

-80.4

2014

126.9

2015

-13.9

2016

74.4

2017

-27.2

2018

-59.1

2019

190.7

2020

-17.0

2021 1-6

-151.2

Source: Bulgarian National Bank

For the first half of 2021 the value of British investments in Bulgaria is negative, -151.2 million euros. (-188.3 million euros for the first quarter and 37.1 million euros for the second quarter of 2021).

By the end of 2020, the amount of British investment amounted to 2449.9 million euros, which ranks the United Kingdom 8th after the Netherlands, Austria, Germany, Italy, Switzerland, Greece and Cyprus.

In 2020, as a result of the Covid 19 pandemic and Brexit, the flow of FDI from the UK was negative, amounting to -17.0 million euros.

Just before Brexit, in 2019, according to the BNB, the flow of FDI from the UK reached a record of 190.7 million euros.

3. Tourism

Year

British tourists in Bulgaria

%

Bulgarian tourists in UK

%

2011

284 882

-1.5

77 675

0.6

2012

264 560

-7.1

85 388

9.9

2013

257 748

-2,6

85 365

0,0

2014

247 018

-4,2

101 737

19,2

2015

244 353

-1.1

121 745

19.7

2016

273 133

11.8

141 941

16.6

2017

338 114

23,8

170 367

20,0

2018

389 661

15,2

178 589

4,8

2019

470 149

20,7

187 850

5,2

2020

90 544

-80,7

2021 (1-6)

12 850

-81,7

Source: Ministry of tourism

For January - June 2021 period, Bulgarian citizens have made a total of 1,832,275 trips abroad, but the survey by destination has been terminated.

The data on the number of tourists in 2020 are based on ESTI, which in 2020 was in a trial period. In this regard, the NSI data for accommodation with 10 or more beds are taken into account. The introduction of the Unified Tourist Information System changes the method of counting the number of tourists. The new method is based on data from accommodation, which are not comparable with the data from the border checkpoint.

 

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