Bulgarian Exports to Turkey Increase by over 32%

Direct Turkish investments in Bulgaria exceed EUR 1 billion, almost half of them have received some form of state support through the Bulgarian Investment Agency (BIA). Over 2,200 Turkish companies have chosen Bulgaria as a preferred place to do business, as they are one of the largest employers in our country. This was announced by the Minister of Innovation and Growth, Alexander Pulev, who opened a business and investment forum in Istanbul, organized by BIA under the Ministry of Innovation and Growth. The event was attended by over 200 participants from the automotive, mechanical engineering, healthcare and tourism sectors.

The Bulgarian Minister of Tourism Ilin Dimitrov and the Minister of Health Asen Medzhidiev also participated in the forum, and the Turkish Deputy Minister of Industry and Technology Dr. Cetin Ali Dönmez participated in the forum. Mayors of Bulgarian municipalities, representatives of the Industrial Zones in our country and the Bulgarian-Turkish Chamber of Commerce and Industry were also present.

Minister Pulev pointed out that a month ago a historic agreement was signed after the highest level meeting between the two presidents Rumen Radev and Recep Erdogan. This is proof of the strong political will. Minister Pulev emphasized that the forum delegation includes three Bulgarian ministers, seven mayors, representatives of local authorities in key regions in Bulgaria and leading Turkish companies, all of which is additional proof of the strong political will for strategic dialogue.

The Minister of Innovation and Growth pointed out that Turkey is a key foreign trade partner of Bulgaria. "The Republic of Turkey is in the top 5 of our partners based on exports. Exports to Turkey for the period January-November 2022 amount...