US Secretary of Commerce Praises Bulgaria Economic Stability

Politics » DIPLOMACY | April 10, 2009, Friday // 15:08
Bulgaria US Secretary of Commerce Praises Bulgaria Economic Stability: US Secretary of Commerce Praises Bulgaria Economic Stability US Secretary of Commerce, Gary Locke, together with President Obama and Vice-President Biden. Photo by BGNES

The US Secretary of Commerce, Gary Locke, has congratulated Bulgarian Foreign Minister Kalfin on Bulgaria's stable economy and banking system.

Kalfin completed his two-day visit to the USA with a meeting with Locke, thus becoming the first high-ranking foreign official that the US Secretary of Commerce has welcomed since assuming office last week.

Gary Locke also congratulated Bulgaria's Foreign Minister Kalfin, who is also the Deputy Prime Minister in charge of the economy, for the country's substantial foreign currency reserves, which served as a stability factor amidst the global financial crisis.

Locke pointed out the substantial role that US investments have played in Bulgaria's economic development in the recent years.

The US Secretary of Commerce and the Bulgarian Foreign Minister stressed the areas with greatest potential for future economic cooperation included energy, renewable energy sources, infrastructure, environment-friendly technologies.

Gary Locke emphasized that the key factors to attracting more American investments to Bulgaria were improving the business climate, protecting intellectual property rights, and fighting corruption.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Diplomacy » Be a reporter: Write and send your article
Tags: US Secretary of Commerce, Gary Locke, Ivaylo Kalfin, Foreign Minister, investment, energy, stability, Global Financial Crisis

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria