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The University of Mining and Geology will assist the Economic Ministry in preparing a resource map to attract more investors

The University of Mining and Geology will assist the Economic Ministry in preparing a resource map to attract more investors

University of Mining and Geology St. Ivan Rilski joined the initiative of the Ministry of Economy and Industry to prepare an investment map for the re-industrialization of Bulgaria. This became clear during a meeting between the Minister of Economy and Industry Nikola Stoyanov and the Rector of the University Prof. Dr. Eng. Ivaylo Koprev.

The two discussed the topic of Bulgaria’s underground resources, as it was stated by the university that at this stage research in the field is lagging behind. During the talk, it became clear that the latest research was from the 1990s, and today there are much more advanced technologies that would give new and more detailed information.

Nikola Stoyanov presented the progress in the work on the investment map for re-industrialization of Bulgaria, which is based on the raw materials extracted in the country. The aim is to be presented by our commercial attachés abroad to industrial companies. By attracting new investment, more levels of processing of raw materials will be happening in our country and so there will be more value added to our economy. In this regard, Professor Koprev commented that a baseline national survey should be carried out throughout the country. It will be done through new technologies and will show a more detailed picture of the underground riches in the country. The results would form the basis for further, more in-depth studies and would provide many more opportunities to attract larger investors.

“We as an institution will support all efforts of the scientific community to update our data and I believe this is an initiative of national importance,”

Minister Stoyanov said. According to him, the work with the Chamber of Mining and Geology is in an advanced stage. “Only by working together can we achieve sustainable results. Bulgaria has lost a lot of time, but now we have a chance to revive a number of industries in our country,” the minister of economy underscored. He also recalled that the development of industrial zones near the large deposits of underground wealth and sufficiently attractive conditions for investment in them is another incentive to attract strategic companies and the resumption of the production process in the country.

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