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AmCham Executive Director Petar Ivanov

Bulgaria should position as Silicon Valley of Europe: AmCham Executive Director Petar Ivanov

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..

05.06.20 10:11 |

Growth of foreign investments in first quarter

According to data of the Bulgarian National Bank, foreign investments in Bulgaria increased by 100 million euros in the first quarter of 2020 compared to the same period of 2019. By the end of March, more than 254m euros were invested in the..

19.05.20 15:25 |
Executive Director of InvestBulgaria Agency Stamen Yanev

Europe-Asia consortium invests USD 200 million in electric vehicles plant in Bulgaria

A Consortium of European and Asian companies is planning to build a factory for electric vehicles in Bulgaria. A memorandum of intentions for construction of this factory was signed in the presence of Bulgaria’s Deputy Premier for Economic and..

12.12.19 18:45 |

Bulgaria attracts more and more investments in IT sector

Bulgaria, which is the poorest country in the EU, attracts a large volume of foreign green-field investments in the information and communication technologies, Financial Times writes. In four years, the volume of these investments increased five times..

06.12.19 15:52 |

Over 68.4% of Bulgaria’s GDP used for final consumption

Bulgaria’s Gross Domestic product in the third quarter of 2019 amounts to EUR 16,241 billion, or EUR 2,323 per capita, preliminary data of the National Statistical Institute show. 68.4% of the GDP was used for final consumption. Investments formed..

05.12.19 11:44 |

President of South Korea Moon Jae-in: Bulgaria is attractive destination for foreign investors

A South Korean company is interested in participating at the Belene nuclear power plant project, it became clear during the meeting between Bulgaria’s Premier Boyko Borissov and the President of South Korea Moon Jae-in. The meeting was held after..

27.09.19 09:35 |

Bulgaria has young entrepreneurs with developed start-up culture

Bulgaria is a country with a developed start-up culture and many young and enterprising people. They can conquer the global markets if they receive the right support and have a bit of luck, Bulgaria’s Deputy Minister of Economy Alexander Manolev said...

15.03.19 18:11 |

US IT company investing in new engineering office in Sofia

In the next two years, US IT company AtScale will be investing 20 to 25 million dollars in its new engineering facility in Sofia. Teams working in Bulgaria will have the opportunity to develop their own, independent products, it was reported...

04.02.19 15:18 |

Analysts predict a slowdown in the growth rate of the Bulgarian economy

Bulgaria's economic expansion is expected to slow down to 3% in 2019, due to a drop in exports and deceleration in domestic consumption growth , according toFrance-based credit insurance company Euler Hermes. According to the analysis the drop..

09.01.19 10:26 |

Bulgaria ranks 46th in Best Countries for Business list

Bulgaria has placed 46th in the Forbes ranking of the best countries for doing business in 2018. The media points out that in recent years, strong domestic demand coupled with low international energy prices has contributed to the economic growth of..

21.12.18 10:58 |
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