Luxembourg
 

Commercial and Economic Section of the Embassy of the Republic of Bulgaria in Brussels, Belgium, with accreditation for Luxembourg

Bozhidar Patinov

Minister Plenipotentiary
Head of Trade and Economic Office
Embassy of the Republic of Bulgaria in Belgium
Address: Avenue Moscicki, 1180 Bruxelles
GSM: 00 32 471 36 32 65
Phone/Fax: 0032 2 280 34 63
e-mail: b.patinov@mi.government.bg

Contacts in the Ministry of Economy and Industry

Vessela Bayraktarova
Head of Europe Department
Foreign Economic Policy 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 Luxembourg

1. Trade turnover (mln. euro)

Year

Export

Growth, %

Import

Growth, %

Balance

Total turnover

Growth, %

2011

18.3

-10.3

14.4

9.1

-3.9

32.7

-2.7

2012

3.8

-79.2

20.8

44.4

-17

24.6

-24.8

2013

3.4

-10.5

47.3

127.4

-43.9

50.7

106.1

2014

2.6

-23.5

76.1

60.9

73.5

78.8

55.2

2015

5.4

107.7

79.7

3.9

74.3

85.1

7.4

2016

6.1

13.7

87.3

9.5

-81.2

93.5

9.9

2017

9.3

52.5

92.3

5.7

-83.0

101.6

8.7

2018

11.2

20.4

50.3

-45.5

-39.1

61.5

-39.5

2019

13.0

16.3

43.3

-13.8

-30.3

56.4

-8.3

2020

15.3

17.8

38.9

-10.2

-23.5

54.2

-3.8

2021

56.5

268.8

55.2

42.3

-1.3

111.6

106.4

Source: Ministry of Economy and Industry

2. Luxembourg investments in Bulgaria

In 2021, net investment from Luxembourg amounted to EUR 552.0 million.

By the end of 2021, Luxembourg's foreign investments in Bulgaria amount to EUR 2747.8 million.

3.Тourists from Luxembourg in Bulgaria

Year

Tourists in Bulgaria

2011

1 991

2012

1 951

2013

4 281

2014

7 375

2015

7 339

2016

7 893

2017

7 577

2018

5 075

2019

4 519

2020

878

2021

2 225

Source: Ministry of Tourism

For the period January-December 2021, tourists from Luxembourg were 2,225, with a registered growth of 153.4%.

In 2021, Bulgarian citizens made a total of 5,182,042 trips abroad, but the research by destinations has been discontinued.

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