Bulgaria and trade

Bulgaria's integration into the European Union in 2007 marked a significant milestone in its journey towards modernizing its economy and consolidating its democratic institutions. Situated at the crossroads between East and West in Europe, Bulgaria holds a strategic position that enhances its importance as a trading partner for EU countries and international counterparts alike. The country has made substantial investments in infrastructure to facilitate its exports and has fostered strong trade relations, particularly with Türkiye, through bilateral trade agreements.

Bulgaria offers a range of advantages for Turkish companies, including political and economic stability, competitive labor costs, and a favorable tax environment. These factors contribute to Bulgaria's appeal as an attractive business destination. The economic ties between Bulgaria and Türkiye have deep historical roots, leading to a longstanding tradition of trade cooperation. Over the years, the two countries have solidified their economic relations through the signing of multiple agreements aimed at strengthening their collaboration.

Türkiye stands as one of Bulgaria's key trading partners, with bilateral trade between the two countries experiencing significant growth in recent times. Bulgarian exports to Türkiye encompass a wide range of products, including chemicals, electronic and electrical equipment, metal products, and foodstuffs. Türkiye, in turn, exports manufactured goods, food products, and automotive goods to Bulgaria. Beyond trade, Bulgaria and Türkiye engage in cooperative efforts in critical sectors such as energy, infrastructure, and information technology.

By fostering a strong economic partnership and leveraging their complementary strengths, Bulgaria and Türkiye continue to strengthen their trade relations, unlocking new opportunities for mutual growth and development.