Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

US Ambassador Mustafa: Bulgaria needs investment, innovation and integration

US Ambassador Herro Mustafa
Photo: BGNES

Despite the pandemic and the decline in 2020 by 11 percent in trade between Bulgaria and the United States, in 2021 it has seen an increase by 25%. The United States has invested $ 2.5 billion in Bulgaria and created 30,000 jobs, US Ambassador to Sofia Herro Mustafa said at a business breakfast.

She stressed that in order for Bulgaria to attract foreign investment, the state must invest in good governance. 

"The rule of law is a problem. Labour legislation is quite outdated. The regulatory environment has poor law enforcement, conditions for corruption are being created," the diplomat stressed.

Key to Bulgaria's future are investments in diversifying the energy mix and choosing Western solutions for co-operation in nuclear energy, Mustafa said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Marta Kos (L) and Rosen Zhelyazkov, 17 April, 2025

Bulgaria supports EU enlargement depending on the candidates’ individual progress

Together with PM Rosen Zhelyazkov we discussed the EU plan for a new Black Sea strategy which the European Commission will present soon, announced EU Commissioner for Enlargement Marta Kos, who is paying an official visit to Sofia . EU..

published on 4/17/25 11:09 AM
Marta Kos

EU expects Bulgaria and North Macedonia to reach agreement on Bulgarian minority

In an interview with public service TV BNT, Commissioner for Enlargement Marta Kos, who is on a working visit to Bulgaria, stated that Ukraine and the Ukrainian people very much wanted to become part of the EU and that at this rate we can hope to see..

published on 4/17/25 10:53 AM

Bulgarian businesses expect 5%-30% drop due to new US tariffs: Survey

Half of the companies from the Bulgarian Industrial Capital Association say that the tariffs on the import of commodities announced by US President Donald Trump are not going to affect their businesses directly. One-third of the employers..

published on 4/17/25 9:28 AM