Bulgarian innovative project for development of nanosatellite system aimed at disaster and accident prevention announced Bogdanov
The development of Plovdiv International Fair, the return of its full capacity and the attraction of international partners are key priorities of the Ministry of Economy and Industry. This was stated by Minister Bogdan Bogdanov during the opening of the 77th edition of the Plovdiv Fair. Deputy Minister Ivaylo Shotev also attended the exhibition.
The Economy Minister stressed that this exhibition is one of the main factors that will support Bulgaria’s economic development. He pointed out that our country should attract more and more innovative companies.
Minister Bogdanov recalled that over the past year Bulgaria has proved that it is a country that is a good place for investors. “According to BNB information, since the beginning of the year foreign direct investment has grown by over 90% and the Bulgarian economy is growing by nearly 2% even in these difficult times. More and more new companies are looking at Bulgaria as a potential investment destination,” he said. “We have managed to keep the budget deficit below 3%, which is a key requirement and priority for Bulgaria to finally become part of the euro area.
In his words, the government’s priority is Bulgaria to become part of Schengen by the end of the year. According to him, membership is important not only for the country but also for the regional stability.
At the opening of the 77th Plovdiv Fair Bogdanov emphasized that the focus of this year’s edition is high technology and innovation. “This is a clear indicator that Bulgaria is a destination where companies can operate efficiently and benefit from some of the most simplified and favourable tax conditions. We have good experts who can and are developing future innovations,” the minister said.
Bogdan Bogdanov highlighted two key Bulgarian innovative projects.
One is to develop a system of nanosatellites that will provide a platform for the development of future innovations aimed at disaster and accident prevention, security and safety monitoring, and traffic.
The other is the first Bulgarian company in Europe to receive official approval for autonomous cargo flights, which will start this year from Greece. In conclusion, Minister Bogdanov assured that in the face of the Bulgarian institutions and in particular the Ministry of Economy, the business will always have support for the projects it intends to implement in Bulgaria.