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

Bulgaria will apply method used in France and Spain to combat hail

There will be pilot testing of ground-based silver iodide generators for hail protection in two zones where the use of rockets is not allowed, the Deputy Minister of Agriculture Ivan Kapitanov said.  At a meeting with Claude Berthet,..

published on 10/24/24 11:21 AM

Political instability is a major challenge for German investors in Bulgaria

The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..

published on 10/24/24 9:15 AM

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM