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Economic development

Publish date: 14.09.2020
Last updated: 14.09.2022

Leading the country in terms of GDP per capita. Main economic sectors: port activities, shipping, ship repair, tourism, chemical industry, machine building, textile industry, food industry, furniture production, construction and agriculture.

PORT OF VARNA

Logistics bridge between Europe, Russia, Ukraine, the countries of the Caucasus, the Middle and Far East. Handles all types of cargo - over 7.5 million tons of cargo per year • Successfully works on combined transport technologies; Works all year round; It has a connection with the National Railway and Road Network; Port for public transport of national importance; Intersection of transport corridors № 7 (Rhine - Main - Danube), №8 (Italy - Albania - Macedonia - Bulgaria) and № 9 (Helsinki - St. Petersburg - Moldova - Romania - Bulgaria).

VARNA INTERNATIONAL AIRPORT

Second largest in the country; Liaises with about 100 destinations in over 30 countries in Europe and Asia; In June 2016, the airports in Varna and Bourgas were awarded a 35-year concession to the German-Bulgarian consortium Fraport Twin Star Airport Management AD for investments of over 403 million euros, including the construction of new passenger terminals; After rehabilitation, Varna Airport meets all international and European standards and can accept Boeing 747 aircraft; In December 2011 the construction of the new passenger terminals at the airports in Varna and Bourgas began. Their completion is scheduled for 2013.

TOURISM

Development of a year-round polyvalent tourist product - balneological, cultural, congress, ecological and rural tourism. The city of Varna - a world-famous tourist center, declared a seaside resort in 1926; 5 large seaside resorts - "Golden Sands", "St. St. Constantine and Helena ”,“Riviera”,“ Sunny Day ”,“ Kamchia ”.

MARINE INDUSTRY

Includes: shipping, ports, shipbuilding and ship repair, marine resources, marine science and education, all activities and services serving the maritime business. Provides: about 11% of revenues in the regional economy.

CHEMICAL INDUSTRY - REPRESENTATIVES

Concentrated in Devnya - the Devnya chemical complex provides 16% of the production of national chemistry. Solvay Sodi AD Solvay Sodi AD is a joint stock company in which the partners are the Belgian industrial concern Solvay, the Turkish holding Sisecam and the European Bank for Reconstruction and Development. The largest plant for synthetic production of soda ash in Europe and one of the largest in the world - production capacity of 1.2 million tons per year. Devnya Cement AD Leading Bulgarian producer and exporter of cement and clinker. In 2018 the company Devnya Cement AD, owned by the Italian company Italcementi Group, started the implementation of its largest investment project in Bulgaria.

AGRICULTURE

Crop production accounts for a larger share of agriculture, and grain production accounts for 60-70% of total production; The vineyards occupy 41,669 decares, of which 94% are wine and 6% dessert; Alternative activities developed in rural areas: horse breeding, handicrafts, fish farming, oilseeds, herbs, mushrooms, etc.

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