Investments in Bulgaria saw a 23% increase for the first time since 2009 and reached EUR 1.6 billion, Bulgaria’s Minister of Economy Bojidar Loukarsky said during a National discussion entitled “Yes! To Bulgarian Economy”. According to Eurostat, in 2015 Bulgaria placed first in Central and Eastern Europe in terms of the foreign direct investment/gross domestic product ratio. 25% of the country’s GDP is formed by the industry, which means that Bulgaria’s economy has been developing and that the highly-proclaimed dependence of that country on EU funds is not a main engine of growth. Bulgaria has a huge potential to attract investments in sectors with high added value through encouragement measures under the Investment Promotion Act, mainly in sectors such as machine building, manufacture of car parts, IT and outsourcing, Minister Loukarsky noted.
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..
A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..
Partly Cloudy
Mostly Cloudy