The Bulgarian Development Bank has officially joined the Investment Fund of the Three Seas Initiative and is already a Class A shareholder with a contribution of EUR 20 million. The fund is expected to raise 5 billion euros and will increase funding..
“Despite the delay amidst the pandemic we are registering an investment interest in Bulgaria, in productions and business services with added value. Information and communication technologies, outsourcing are among the leading sectors which attract..
MPs have adopted at first reading amendments to the Law on Bulgarian Citizenship. They provide for citizenship to be acquired in case of long-term investments and opened jobs. The changes were undertaken after criticism by the EC, which a few days ago..
Because of the Covid-19 pandemic, 2020 is expected to end with a 10% drop in total expenses for advertising and spending will return to the levels of 2018 - about BGN 415 million (208 million EUR). However, digital media advertising could mark..
Despite the Covid-19 crisis, since the beginning of 2020, certificates to 22 projects totaling 363 million euros have been issued under the Investment Promotion Act, as they have the potential to create 3203 new jobs. This was announced by the..
The Minister of Economy Lachezar Borisov presented 4 certificates for investments class "A", the Minister's press center announced. "Harmony 2012" in Kardzhali invests 23 million euros in a plant for processing zinc-containing materials. Alcomet in..
In order to realize the idea of Bulgaria being a nearshoring destination, the rule of law and fight against corruption are needed, said Olivier Marquette, President of the American Chamber of Commerce in Bulgaria. At an online conference on the..
The most important question all countries of Europe, and the world, are now facing is: what are the most effective ways for economic recovery? The pandemic and the subsequent restrictions have had a dire effect on growth spreading to practically..
In 2019, Luxembourg’s investments in Bulgaria amounted to EUR 1.35 billion. We are the third largest investor in Bulgaria, this country’s Minister for Foreign Affairs Jean Asselborn pointed out during the official visit of Bulgaria’s Foreign Minister..
Tax policy must not change if we want to attract investments. Bulgaria should be the Silicon Valley of Europe in the minds of the foreign investors, Petar Ivanov, Executive Director of the American Chamber of Commerce in Bulgaria said. There are no..
