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Bulgarian EconMin: Economy Regaining Investors' Trust

Business » FINANCE | December 19, 2013, Thursday // 14:45| Views: 1008 | Comments: 1
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Bulgaria: Bulgarian EconMin: Economy Regaining Investors' Trust Bulgarian Economy and Energy Minister Dragomir Stoynev. Photo by BGNES

Bulgarian economy is gradually regaining investors' confidence, according to Minister of Economy and Energy Dragomir Stoynev.

Minister Stoynev's conclusions are based on the positive trend observed in the projects certified under the investment promotion act.

Stoynev handed a new first-class investment certificate for the construction of a grain dock on the Danube river in the village of Aydemir, near Silistra.

The constructor of the dock is Alfred C. Toepler International Bulgaria Logistics. The investment is for BGN 10.55 M. The state subsidy for the first class investment is BGN 510 000.

According to Stoynev, the project will stimulate the economic development and the employment in the region and will increase grain export.

Minister Stoynev announced that a total of 15 projects for BGN 100 M have been certified in 2013, providing 900 new job openings. Six of those projects are for first-class investments.

Four certificates for more than BGN 44 M providing 210 new jobs have been issued in the last 7 months.

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» To the forumComments (1)
George Zheliazkov - 22 Dec 2013 // 20:12:09

Flexible diplomacy, tolerance and cooperation are what you need in order to attract investments. It is NOT only the EU or Russia, NOT only China or the EU, NOT only East or West!
It’s cooperation and flexible trade with all!
Then again you must propagate all that to the potential investors and mainly the growing markets.
I will reiterate the obvious facts again that Bulgaria is located right in the middle of the richest, best educated, most technologically advanced continent (Eurasia), with the largest markets, largest natural resources, population, growth, wealth and consumer base in the world!
If you can’t make it there, you can’t make it anywhere!

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