Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria invites German companies to move business to Bulgaria

Photo: AP

During a meeting with representatives of the Eastern Committee of German Economy, Bulgarian Deputy Ministers of Economy, Daniela Vezieva and Lyuben Petrov, presented opportunities for expanding investments and trade between Bulgaria and Germany.

A trend exists for German companies who plan to withdraw their investments from China and Turkey to benefit from the advantages offered by the business environment in the region, it was announced. We need to attract businesses here, because this would make gross domestic product rise, as well as trade, said at the forum Michael Harms – Executive Director of the Eastern Committee of German Economy, which represents the interests of more than 200 German companies in 21 countries in Eastern Europe. Lyuben Petrov has pointed out that Bulgaria could be a potential business and investment destination for companies because of the crisis in Ukraine and sanctions against Russia.



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

Bulgarians keep more than 75 billion euros in banks, money sent by emigrants is also growing

Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..

published on 7/25/24 9:45 AM

E-commerce to boost Bulgarian-Chinese trade turnover

Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..

published on 7/24/24 11:54 AM

Housing loans in Bulgaria surge by nearly 25% in a year

Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..

published on 7/23/24 2:25 PM