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 Labour legislation is quite outdated.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

Bulgarian MPs fail in their sixth attempt to elect Parliamentary Speaker

The Bulgarian MPs gathered in plenary today for a sixth attempt to elect a President, which again proved unsuccessful.  The chances of electing a Speaker of the 51st National Assembly are minimal The candidates Natalia Kiselova from..

published on 11/27/24 3:06 PM

Bulgaria and Egypt discuss possible direct air routes

Bulgaria's Ambassador to Egypt Deyan Katrachev met with Egypt's newly appointed Minister of Civil Aviation Sameh al-Hefny . At the meeting, which took place on 26 November, both discussed the updating of the air transport agreements between the two..

published on 11/27/24 2:12 PM

Velingrad sheep breeders are fighting to protect their herds

Representatives of the Food Safety Agency have arrived in Velingrad to take new samples from the 1,700 sheep quarantined because of a suspected plague outbreak.  BNR correspondent in Pazardzhik Nevena Petrova reported that the Food Agency..

published on 11/27/24 2:06 PM