Bulgaria is located in the eastern half of the Balkan Peninsula, covers an area of around 110,000 km² and has a population of almost seven million. The country borders Turkey and Greece to the south, North-Macedonia and Serbia to the west and Romania to the north. In addition to the capital Sofia, Plovdiv, known for its ancient sites, and Burgas, the industrial metropolis at the Black Sea, are among the best-known cities.
Politics and economy on the upswing
The Bulgarian economy is developing very dynamically; especially since joining the EU in 2007, economic relations with Europe have strengthened. Compared to Western Europe, however, Bulgaria still has potential in many aspects.
Good relations with Austria
Bulgaria is an important partner for Austria's economy. In the years before the pandemic, especially the export of goods from Austria to Bulgaria developed very well. In 2019, Austrian goods exports to Bulgaria increased by 11.3% to 817.9 million euros compared to 2018, while imports from Bulgaria rose by 1.7% to 528 million euros. Export hits are machinery and mineral fuels, but copper and goods made of it are also sought-after export goods.