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Economic relations

Economic relations

After 2007, atypical in terms of bilateral trade (with a nominal decline of 7.6%), economic relations regained their momentum in 2008 increasing 13.9%, before falling in 2009 due to the crisis. Note that in ten years (1999 to 2009), trade with France has increased threefold. Our exports increased by 15.8% in 2008. The French-Bulgarian Chamber of Commerce, founded in 2005, regularly brings the business community together.

About 140 French companies are present in Bulgaria. They employ about 7000 people, in the form of subsidiaries or joint ventures, including Société Générale, BNP-Paribas, Danone, Schneider Electric, and Air Liquide. French investments made over the past four years include: Montupet, automotive equipment manufacturer, building a plant in Rousse; Schneider Electric opening a new plant near Plovdiv; a new Air Liquide gas production unit in Pernik; Dalkia’s purchase of the urban heating company in Varna; the acquisition by BNP Paribas Personal Finance of JetFinance, the largest Bulgarian consumer credit company.

2009-2010 has been mixed, in the context of the global economic crisis severely affecting Bulgaria resulting in declining trade flows and foreign investment.

Updated on 15.06.11

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