Bulgaria Posts 7% Increase in Exports of Metallurgical Sector Products

Business | April 10, 2014, Thursday // 16:05
Bulgaria: Bulgaria Posts 7% Increase in Exports of Metallurgical Sector Products Photo by BGNES

Bulgaria registered a 7% increase in exports of metallurgical sector products in 2013, according to Ivan Ayolov, Deputy Minister of Economy and Energy.

Speaking Thursday at the opening of the XXI International Scientific and Technical Conference Metalcasting 2014 in Pleven, he explained that the creation of favorable conditions for a recovery of Bulgarian industry was a major task for the government as a stable industry was a precondition for economic prosperity.

Ayolov, as cited by the press office of the Ministry of Economy and Energy, emphasized that the introduction of new technology in metallurgic and cast metal enterprises would boost their competitiveness on international markets.

He said that the government had provided funding under the National Innovations Fund, as well as funding under the new operational program Innovations and Competitiveness, in a bid to fast-track the process.

Responding to journalists' questions about the support of the state for the metallurgic sector, he explained that the Ministry of Economy and Energy was forming a working group consisting of experts from the energy sector and representatives of big industrial companies from the metallurgic sector.

Ayolov noted that the working group would discuss tariff plan options which would be proposed to the State Commission for Energy and Water Regulation (DKEVR), the aim being to achieve competitiveness and to balance the electricity system.

He also drew attention to the efforts of the government to restore the severed connection between education and the business sector, adding that the dual education system would enable a smooth transition from education to career development, thereby boosting the fight against youth unemployment.

The conference was attended by representatives of local foundry associations, representatives of the Bulgarian Academy of Sciences (BAS) and of technical universities, as well as leading international and Bulgarian companies specialized in machinery, equipment and technologies.

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

Business » Be a reporter: Write and send your article
Tags: metallurgy, Ivan Ayolov, Deputy Minister of Economy and Energy, Ministry of Economy and Energy
Expats.bg All Are Welcome! Join Now!
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