French President Macron Recommends Varna as a Must-Visit Destination
French President Emmanuel Macron has designated Varna as one of his favored travel destination
InvestBulgaria Agency forecasts new investments and more jobs on the basis of the projects realised last year.
In 2015, the agency helped twelve large investors to extend their activity in Bulgaria or to start new production.
The investments in these projects, which should be realised within three years, amounted to BGN 190 M, with the forecasts predicting the creation of nearly 1300 jobs.
In 2015, foreign investments in Bulgaria exceeded EUR 1.5 B, which represented an increase of more than EUR 289 M compared to the previous year.
Nearly half of the projects concerned the development of production, private bTV station informs.
A new factory for the production of forage is expected to start functioning in the city of Dobrich.
The town of Montana will have a new plant for the production of metal pallets, while a factory for car parts is seeking employees in Karlovo.
Parallel with these projects, some investors will extend their already existing activity.
In Sofia, entrepreneurs will extend their activity in the following areas: the production of climbing walls, parts for railway transport and car parts.
Investments are also expected in the IT and logistics sectors.
In Montana, the construction of the new factory for metal pallets is already taking place, with the plant expected to create 100 new jobs and to start functioning by the end of the year.
InvestBulgaria Agency expects the attraction of more capital this year.
The agency notes that Bulgaria has potential in particular sectors, with the main three areas of interest to investors being machine construction, production of car parts and outsourcing.
According to economists, more efforts are needed to attract investors to northwestern Bulgaria, which is the poorest region of the country.
In order to do this, there is a need to provide suitable infrastructure in the northern part of the country.
The executive director of InvestBulgaria Agency, Stamen Yanev, is proposing the introduction of bonuses to those investing in regions with high unemployment rate.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
French President Emmanuel Macron has designated Varna as one of his favored travel destination
"Wizz Air" has unveiled a fresh route from Varna to London Gatwick Airport, marking an expansion in its flight offerings
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June
The Bulgarian National Bank (BNB) has initiated a trial minting process for 8 million euro coins, as announced by BNB Governor Dimitar Radev during a conference on the euro's introduction
The "Blue Flag" program's international jury has recognized the excellence of 23 Bulgarian beaches and the Marina "Dinevi" by awarding them with the prestigious certificate
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU