Balgarianovinite.com Bulgaria-Indonesia trade grew by nearly 60% year-on-year in Q1 2026, Deputy Minister of Economy, Investments and Industry Krasimir Yakimov said after talks with Indonesian Deputy Minister for Foreign Affairs Muhammad Anis Matta on Monday.
Yakimov said the growth pointed to significant untapped potential in bilateral economic relations and created a solid basis for expanding trade and investment.
The talks covered investment plans by Indonesian companies, including projects in industrial development, logistics and manufacturing. The sides also discussed Bulgaria’s potential role as a logistics hub for Indonesian goods bound for European markets.
The two sides looked at prospects for broader cooperation in digital technologies, the defence industry and innovation. Bulgarian exports in Q1 2026 totalled USD 17.2 million, while imports from Indonesia reached USD 16.1 million, Yakimov said. He called for continued efforts to increase and diversify trade and to encourage more active business-to-business contacts.
Transport connectivity between Europe and Southeast Asia was also discussed. The Bulgarian side presented the advantages of the ports of Varna and Burgas, as well as opportunities for joint logistics projects. Labour mobility was another topic on the agenda. “We are ready to support potential access for workers from Indonesia through faster administrative procedures,” Yakimov said.
“Bulgaria has a strategic geographic position, modernizing transport infrastructure and good conditions for developing logistics operations. Our country can be a reliable partner for Indonesian business as it enters European markets,” Yakimov said.
Bulgaria expressed interest in expanding exports of agricultural and food products, as well as pharmaceutical, cosmetic and industrial products.
The meeting also focused on the role of the Joint Commission for Economic Cooperation as the main mechanism for developing bilateral relations. The Bulgarian side expressed readiness to host the commission’s next session, alongside a business forum with companies from the two countries.
“Bulgaria attaches great importance to developing relations with Indonesia. This year marks 70 years since the establishment of diplomatic relations between our countries, which is a good basis for more active economic and investment cooperation,” Yakimov said.
At the end of the talks, the two sides welcomed progress on the EU-Indonesia Comprehensive Economic Partnership Agreement (CEPA) and voiced confidence that its future entry into force would give a fresh boost to investment, trade and economic ties between Bulgaria and Indonesia. Bulgaria-Indonesia Trade Rises Nearly 60% in Q1 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-06-22 16:35:39 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law