Text size

Lack of predictability and qualified staff discourages Italian investors in Bulgaria

published on 10/14/22 5:31 PM

Italian Ambassador to Bulgaria Giuseppina Zarra.

Photo: Embassy of Italy in Sofia

Bulgaria and Italy have very good economic relations, but the main challenge for Italian investors in Bulgaria is to find employees with the necessary qualifications, especially in specific sectors such as textiles, mechanics, mechanical engineering, etc. This is what Italian Ambassador to Bulgaria Giuseppina Zarra told BNR.

Another challenge is Bulgaria's legal system and to what extent it can be relied on. "You know that when certain procedures are initiated, there must be predictability. Sometimes the lack of it can discourage Italian businesses from investing," the ambassador said.

Н.E. Ms Zarra confirmed that her country supports Bulgaria's accession to Schengen and encourages Bulgaria to join the single currency.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News ambassador Giuseppina Zarra investors Italy

More from category

Festive concert for Bulgaria’s national holiday to take place in London

The Bulgarian Cultural Institute in London is covering all the costs for the festive concert-performance that will mark the national holiday. The concert will be held at the Ondaatje Theatre, Royal Geographical Society on March 1,..

published on 2/18/25 9:24 AM

Bulgaria to request convergence report for the eurozone by the end of the month

Bulgaria has received encouraging signals at the Eurogroup meeting. "The country has made even greater progress in fulfilling the price stability criterion," said European Commissioner for the Economy Valdis Dombrovskis. When..

published on 2/18/25 8:59 AM

No Bulgarian citizens injured in Toronto plane crash

The Consulate General of Bulgaria in Toronto announced that it has organized a crisis headquarters and is monitoring the situation with the plane crash at Pearson Airport in the Canadian city. A plane from Minneapolis to Toronto..

published on 2/18/25 8:53 AM