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Bulgaria - Trade & Marketing Information
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ALIGN="RIGHT" SRC="/cgtd/global/eeurope/bulgaria.gif"> Bulgaria - key economic data 


Economy Overview:

    The Bulgarian economy continued its painful adjustment in 1994 from the
    misdirected development undertaken during four decades of Communist rule.
    Many aspects of a market economy have been put in place and have begun to
    function, but much of the economy, especially the industrial sector, has yet
    to re-establish market links lost with the collapse of the other centrally
    planned Soviet Bloc economies. The prices of many imported industrial
    inputs, especially energy products, have risen markedly, and falling real
    wages have not sufficed to restore competitiveness. The government plans
    more extensive privatization in 1995 to improve the management of
    enterprises and to encourage foreign investment. Bulgaria resumed payments
    on its $10 billion in commercial debt in 1993 following the negotiation of a
    50% write-off.


National product:
    GDP - purchasing power parity - $33.7 billion (1994 est.)
National product real growth rate:
    0.2% (1994 est.)
National product per capita:
    $3,830 (1994 est.)
Inflation rate (consumer prices):
    122% (1994)
Unemployment rate:
    16% (1994)
Budget:
  revenues:
    $14 billion
  expenditures:
    $17.4 billion, including capital expenditures of $610 million (1993 est.)


Industrial production:

    growth rate 4% (1994); accounts for about 37% of GDP (1990)
Electricity:
  capacity:
    11,500,000 kW
  production:
    35.9 billion kWh
  consumption per capita:
    3,827 kWh (1993)



Economic Activity


Industries:

    machine building and metal working, food processing, chemicals, textiles,
    building materials, ferrous and nonferrous metals

Agriculture:
    climate and soil conditions support livestock raising and the growing of
    various grain crops, oilseeds, vegetables, fruits, and tobacco; more than
    one-third of the arable land devoted to grain; world's fourth-largest
    tobacco exporter; surplus food producer
Bulgaria - key foreign trade data 


Exports:

    $3.6 billion (f.o.b., 1993)
  Commodities:
    machinery and equipment 30.6%; agricultural products 24%; manufactured
    consumer goods 22.2%; fuels, minerals, raw materials, and metals 10.5%;
    other 12.7% (1991)
   Major Trade Partners::
    former CEMA countries 57.7% (FSU 48.6%, Poland 2.1%, Czechoslovakia 0.9%);
    developed countries 26.3% (Germany 4.8%, Greece 2.2%); less developed
    countries 15.9% (Libya 2.1%, Iran 0.7%) (1991)



Imports:

    $4.3 billion (c.i.f., 1993)
  Commodities:
    fuels, minerals, and raw materials 58.7%; machinery and equipment 15.8%;
    manufactured consumer goods 4.4%; agricultural products 15.2%; other 5.9%
   Major Trade Partners::
    former CEMA countries 51.0% (FSU 43.2%, Poland 3.7%); developed countries
    32.8% (Germany 7.0%, Austria 4.7%); less developed countries 16.2% (Iran
    2.8%, Libya 2.5%)
External debt:
    $12 billion (1994)
Bulgaria - Trade, Industry & Marketing information

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