Country Information Export Development Canada Europe and CIS

Bulgaria

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Evaluating the market in Bulgaria

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EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Bulgaria

Bulgaria, a former Communist country that joined the European Union on January 1, 2007, has experienced economic growth despite the Eurozone recession due to strong domestic demand. Trade is of utmost importance to Bulgaria's economy, which is primarily driven by the service and industry sectors. Furthermore, the Bulgarian government has announced a regional development plan between 2014 and 2020 which involves investment in public transport projects, and spending on social infrastructure such as schools and hospitals. Canadian exports have been growing in the market, with potential opportunities for trade and investment across a variety of sectors.
  • Construction & Infrastructure 
  • Mining & Metals
  • Oil and Gas
  • Power
  • Telecom
  • Transportation Services
International Trade Solutions

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Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible. Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC