Tuesday, August 12, 2008

Bulgaria's Trade with Romania Booming

Sofia News Agency

The bilateral trade between Bulgaria and Romania has reached a record high, the Standart Daily newspaper points out Tuesday citing recently released data of the National Statistical Institute.

In the first five months of 2008 Bulgaria's exports to Romania increased by 70% compared to the same period of 2007 to reach BGN 718 M.

At the same time, however, Romania exported to Bulgaria goods for BGN 1,149 B, which is a growth of almost 80% compared to January-May 2007.

According to Standart, the Bulgaria's negative balance of BGN 431 M with Romania is due to the expansion of the Romanian petrol industry, cigarettes, and car manufacturing on the Bulgarian market.

The Rompetrol oil company has opened dozens of gas station in Bulgaria, and the Romania brand of cigarettes "Viceroy", and cars "Dacia" are said to be becoming more popular in the country.

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