Trade between Sweden & Bulgaria
Several years of underinvestment have resulted in needs in numerous sectors such as infrastructure, energy, transport, telecommunications and environmental technology. As a result of a favourable tax system, a well educated work force and competitive salaries, good business opportunities exist for Swedish companies in terms of exports, imports and investments.
In 2014 Swedish exports to Bulgaria amounted to 1,12 billion SEK and Swedish imports from Bulgaria reached 976 million SEK. The main sectors for this trade are machine- and vehicle industry. Bulgaria also holds a competitive position within the textile- and metal industries. Bulgaria also has a well developed tourism sector.
Bulgaria had an economic growth of approximately 1,5 percent in 2014. Foreign direct investments have decreased during the last couple of years and amounted to approximately 1,1 billion euro in 2014. Major investor countries are EU-countries such as the Netherlands, Germany, Italy, Greece and Austria. Around 70 Swedish companies are active on the Bulgarian market, among these ABB, Astra Zeneca, Ericsson, H&M, Ikea, Scania and SKF and Volvo.
Bulgaria became an EU-member in January 2007. There is an extensive EU-funding to access, 7 billion euro for the period 2014-2020. Within these funds, the transport, infrastructure and environmental sectors are of priority.
For further information regarding the Bulgarian economy and foreign trade as well as concerning Swedish business activities in Bulgaria, please refer to the links to the right.
Latest update: 19 March 2015