“Investing in people, education, innovations and technologies is the key to success in the future,” said President Rumen Radev at the opening of the business forum in Singapore, in which representatives of companies from Bulgaria and Singapore are taking part. President Radev is on a working visit to the country, and is leaving on an official visit to Vietnam on 24 November.

“The key to the future is partnership which can be promoted in many spheres of mutual interest, starting with electronics and semiconductors,” Rumen Radev said further. “Bulgaria and Singapore are similar in many ways – almost the same population size, extremely restricted natural resources. The two countries know well that the biggest and most important asset we have is our people,” the Bulgarian president said. “Bulgaria is a hub of information technologies and startups in Eastern Europe, and is in first place on the Old Continent in the number of per capita IT specialists, electronics account for the biggest share of our exports,” Rumen Radev said further, and went on to highlight the special place tourism occupies: “More than 15% of our GDP comes from tourism. We can say that we are the SPA capital of Europe.”