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Journal of Empirical Studies

March 2016, Volume 3, 1, pp 7-20

Development of the National Economies and the Foreign Trade Relations between Ukraine and Bulgaria (In the Period 2005-2014)

Dragomir Angelov Iliev


Yordan Iliev Neykov

Dragomir Angelov Iliev 1 Yordan Iliev Neykov 1 ,

  1. PhD D. A. Tsenov Academy of Economics – Svishtov, Bulgaria, Faculty of Management and Marketing 1

Pages: 7-20

DOI: 10.18488/journal.66/2016.3.1/

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The paper presents an analysis of the trends in the national economies of Bulgaria and Ukraine based on general macroeconomic indicators. An emphasis is put on the foreign trade between the two countries in the context of the global economic crisis and the crisis related to Ukraine’s territorial integrity. The analysis of the foreign trade between Bulgaria and Ukraine covers the main commodity groups in terms of their importance for the two economies.

Contribution/ Originality
The paper's core contribution is the study of the changes in the trade flows between Bulgaria and Ukraine within the context of the ongoing economic and geopolitical changes. The focus of the study is the impact of the various crises on trade flows and the basic macro-economic indicators of the investigated countries.


Volume of trade, Economic crisis, Regional integration, Geopolitical conflicts, Bulgaria, Ukraine.



  1. Damyanov, A., 2013. Gravitational forces of the European union. Proceedings from The Future of Integration, The Future of the European Union: Jubilee International Scientific Conference. Svishtov. pp: 11-13.
  2. Damyanov, А. and D. Iliev, 2000. Exportnia pesimizam sreshtu exportnia optimizam. Business Upravlenie, 2: 44-55.
  3. Kriukova, I., I. Gryshova and O. Mitiai, 2015. Ukraine’s positions in international ratings evaluation as a factor of its competitiveness. Economic Annals-XXI, 5-6: 24-27.
  4. Noon, C., 2005. Mittal buys Kryvorizhstal in new Ukraine glasnost. Forbes. Available from [Accessed September  02, 2015].
  5. Verkyoi, J., 2014. Ikonomicheskite koreni na ukrainskata kriza. Monde Diplomatique. Available from [Accessed August 24, 2015].
  6. Yuryi, S. and E.V. Savelev, 2011. Razvitie na ikonomicheskite otnosheniya na Ukraina v regiona na chernomorskiya basein. Narodnostopanski Arkhiv, 4: 7-32.


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