Iceland
 

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 SectionEmbassy of the Republic of Bulgaria in Oslo
Tidemands gate 11, 0244 Oslo, Norway
mob.+47 41374175tel. +47 22 55 40 40
s.mihaylov@mi.government.bg

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

Teodora Doycheva
Chief expert, Europe department
Foreign economic cooperation directorate
Ministry of Economy and Industry
tel.: + 359 2 940 7706
t.doycheva@mi.government.bg

 

Trade and economic relations between Bulgaria and Iceland

1. Trade turnover (thousands euro)

Year

Total turnover

%

Export

%

Import

%

Balance

2011

2259.3

-63.8

723.3

180.3

1536.0

42.1

-812.7

2012

817.7

5.6

673.2

-6.9

144.5

-90.6

528.7

2013

863.2

143.2

650.1

-3.4

213.1

47.5

437.0

2014

2099.3

43.2

1155.7

77.8

943.6

342.8

212.1

2015

3005.6

-26.2

1377.6

19.2

1628.0

4.3

-251

2016

2219.2

126.4

657.8

-52.3

1561.4

-4.1

-903.6

2017

2537.0

14.3

1166

77.2

1371

-12.1

-205

2018

4335.8

70.9

2514.1

115.6

1821.7

32.8

692.4

2019

2743.7

-36.7

1034.3

-58.9

1709.4

-6.2

-675.2

2020

3589.1

30.4

875.7

-15.3

2703.4

58.1

-1827.7

2021

3427.1

-4.5

1608.0

83.6

1819.1

-32.7

-211.1

Source: Ministry of economy

2. Icelandic investments in Bulgaria

Year

Mln.eurо

2004

4.8

2005

5.0

2006

26.1

2007

10.8

2008

-1.6

2009

1.6

2010

-2.3

2011

-1.2

2012

-2.8

2013

-0.2

2014

10.5

2015

1.4

2016

3.7

2017

0.3

2018

29.7

2019

0.0

2020

0.0

2021

-0.2

2022 Q1

0.5

Source: Bulgarian National Bank

3. Tourism

Year

Icelandic tourists in Bulgaria

%

Bulgarian tourists in Iceland

%

2007

6831

2.8

185

-53.0

2008

6609

-3.2

131

-29.2

2009

3997

-39.5

41

-68.7

2010

1773

-55.6

6

-85.4

2011

1830

3.2

10

66.7

2012

1462

-20.1

51

410.0

2013

836

-42.8

714

1300.0

2014

55

-93.4

440

-38.4

Source: Ministry of tourism

Iceland is outside the top 50 in number of foreign tourists in our country in recent years. As a tourist destination for Bulgarians, Iceland is not so popular, despite the increase in visits over the last few years.

 

 

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