Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

EconMin: Germany Getting More Important for Bulgarian Economy
ECONMIN: GERMANY GETTING MORE IMPORTANT FOR BULGARIAN ECONOMY
Date: 03/07/2012
Source: novinite.com
EconMin: Germany Getting More Important for Bulgarian Economy

Germany's importance for the Bulgarian economy is growing, Bulgarian Economy Minister Delyan Dobrev told a business forum in Berlin Tuesday.

Dobrev is part of the delegation accompanying Bulgarian President Rosen Plevneliev in Germany.

Speaking before 70 businesses in Berlin, he pointed to a potential German investor, a company interested in building a plant for car air conditioners in Bulgaria's Plovdiv, and noted that more and more investors are seeking to join Bulgaria's car parts industry.

"Companies such as Lufthansa Technik and Ixetic have already selected Bulgaria for their activities. Aurubis and SAP have also invested in Bulgaria because of our competitive advantages. We are looking forward to more investments in the real economy," Dobrev said, as cited by the government press service.

He also described Bulgaria's macroeconomic stability, and stressed the fact that Bulgaria's exports have grown fourfold since 2000.

Dobrev pointed out that his ministry is working on new incentives for investors such as the write-off of social security payments, and the decentralization of investor certification procedures.

"Certified investors can expect state funding for infrastructure and training, and personalized administrative services," Bulgaria's Economy Minister told German businessmen.

Germany is Bulgaria's top trading partner. In 2011, Bulgaria's exports to Germany amounted to EUR 2.412 B, a 45% increase year-on-year. Bulgaria's imports from Germany were EUR 2.564 B, 14% growth year-on-year.

Germany invested EUR 1.878 B in Bulgaria in 1996-2001, with about 30% of the 100 largest foreign investors in Bulgaria having German participation.

German is also the third largest source country of tourists for Bulgaria (after Romania and in Greece). In 2011, Bulgaria was visited by 700 000 Germans.


Topic: Business



Featured District
RAZGRAD DISTRICT AND CITY INFORMATIONRazgrad
Invest Bulgaria Charts
Gross Value Added of Bulgaria - Annual Growth Rate
Gross Value Added of Bulgaria - Annual Growth Rate

Net Foreign Assets of Bulgaria
Net Foreign Assets of Bulgaria

See all charts
Did You Know?
Cost of Labor in Bulgaria
Cost of Labor in Bulgaria
A Bulgarian software project leader makes about 1,200 Euros a month ... More

Kyustendil is situated in the southern part of the Kyustendil Valley, 90 km south-west of Sofia. There are more than 40 mineral springs in the town. The waters are of considerable content of sulphite compounds. These are used for treatment of the locomotory system, gynaecological and other kinds of diseases.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members