Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria invites German companies to move business to Bulgaria

Photo: AP

During a meeting with representatives of the Eastern Committee of German Economy, Bulgarian Deputy Ministers of Economy, Daniela Vezieva and Lyuben Petrov, presented opportunities for expanding investments and trade between Bulgaria and Germany.

A trend exists for German companies who plan to withdraw their investments from China and Turkey to benefit from the advantages offered by the business environment in the region, it was announced. We need to attract businesses here, because this would make gross domestic product rise, as well as trade, said at the forum Michael Harms – Executive Director of the Eastern Committee of German Economy, which represents the interests of more than 200 German companies in 21 countries in Eastern Europe. Lyuben Petrov has pointed out that Bulgaria could be a potential business and investment destination for companies because of the crisis in Ukraine and sanctions against Russia.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Institute for Market Economics

High added value manufacturing marks significant growth: Institute for Market Economics

Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..

published on 11/16/24 2:04 PM

Monthly inflation rises to 1.1%

Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..

published on 11/15/24 3:22 PM

Employers and trade unions discuss the mechanism for determining the minimum wage

A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..

published on 11/14/24 9:31 AM