Minister Lоukarsky: А new impetus to the Bulgarian-French trade and economic relations

Minister Lоukarsky: А new impetus to the Bulgarian-French trade and economic relations

“Trade and economic relations between Bulgaria and France are good, but I consider that we are able to give additional impetus that will attract new investors in Bulgaria and will strengthen the presence of Bulgarian goods on the French market as well”. That was said by the Minister of Economy Bojidar Loukarsky within the meeting held earlier today with the France’s Ambassador to Bulgaria Mr. Xavier de Laper Cabannes.

They discussed initiatives to process the bilateral relations and to promote Bulgaria as an attractive investment destination. There are a lot of examples of successfully completed projects implemented by French companies in Bulgaria. Among them is a factory located in Ruse producing engine parts for leading car brands, which plans to expand its manufacturing base. As another example could be pointed a company for production of malt in Pleven, which also intends to invest EUR 20 mln. in construction of a second plant in the country. “The fact that investors have a strong presence in Bulgaria and plan to make additional investment in their business is a positive indication for other potential investors,” said Minister Loukarsky. “This allows us to make an effort to promote Bulgaria as a good place for investment and to work as to attract more investors,” he added.

During the meeting, the Ambassador de Cabannes outlined some of the problems faced by foreign investors. As one of the obstacles to business, he pointed attempts to put pressure on the judiciary by unfair competitors. Another difficulty faced by French investors is the communication with the departments, especially in applying for European programmes.

Minister Loukarsky assured that the executive power is making every effort to ensure a favorable business environment.

An active dialogue on the implementation of specific measures to foster the bilateral relations was initiated within the conversation. One of the options as outlined is the organization of business forums and meetings with potential French investors in the context of the forthcoming exhibition of Thracian treasures in the Louvre in April 2015.