US Ambassador: Bulgaria Must Showcase Investment Advantages

Business | June 7, 2011, Tuesday // 15:07
Bulgaria: US Ambassador: Bulgaria Must Showcase Investment Advantages US Ambassador in Sofia, James Warlick, at the forum dedicated to perspectives in trade and economic relations between Bulgaria and America. Photo by BGNES

The US is going to be once again the biggest investor in Bulgaria in 2011 over continuous American trust in the country, according to US Ambassador in Sofia, James Warlick.

Warlick spoke Tuesday at the conference titled "New Perspectives in the Trade and Economic Relations between the US and Bulgaria," saying Bulgaria must work on becoming an attractive investment location.

According to the diplomat, small and large investors have directed their attention towards Bulgaria, but overall they look at the EU.

"Nothing, however, can replace human interactions," the Ambassador pointed out.

Warlick noted Bulgaria can no longer count only on its attractive tax policy and qualified labor, but must showcase its advantages before other countries.

He further said the the largest plumbing and sewage company in the US is managed by Bulgarians, and he had proposed to its Director to think of ways to bring back investments to Bulgaria, adding all business representatives must do the same.

The Forum is organized by the American Chamber of Commerce and the American Embassy in Sofia.

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Tags: New Perspectives in the Trade and Economic Relations, US, Bulgaria, tax, American Chamber of Commerce, US Ambassador, James, Warlick, investments

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