Podcast in English
Text size
Bulgarian National Radio © 2024 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 Labour legislation is quite outdated.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

Two Egyptian vultures have hatched in the Rhodopes

The Bulgarian Society for the Protection of Birds announced the first successful hatching of Egyptian vultures in the wild in our country. The bird is considered the most endangered species on the Balkan Peninsula. The female..

published on 7/6/24 3:28 PM
Kiril Petkov

PP-DB will not negotiate with "Vazrazhdane" for a new government

From his Facebook profile, the co-chairman of "We Continue the Change" Kiril Petkov announced that the PP-DB coalition will not negotiate with "Vazrazhdane" to form a cabinet. He defined as "media suggestions" the claims that such..

published on 7/6/24 2:20 PM

Ukrainian embassy urges officials not to use the topic of war for political purposes

The Ukrainian Embassy in Bulgaria has called on officials and political forces to refrain from using the topic of the war for political purposes. The diplomatic mission emphasizes that Ukrainians pay the most terrible price every day..

published on 7/6/24 11:28 AM