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

The Institute for Market Economics calls for budget deficit below 3%

We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR.  In presenting the institute's alternative state budget, the..

published on 11/4/24 11:27 AM

The five largest Indian IT companies already have offices in Bulgaria

Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..

published on 10/31/24 5:48 PM

A Bulgarian-Czech Chamber of Commerce established in Sofia

On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..

published on 10/31/24 1:54 PM