Sofia to Host Bulgarian-Israeli Business Forum

Sofia to Host Bulgarian-Israeli Business Forum

Sofia will host a Bulgarian-Israeli business forum. This became clear during a meeting between the Minister of Economy and Industry Nikola Stojanov and the Israeli Ambassador to Bulgaria H.E. Yoram Elron. During the talks it became clear that Minister Stojanov’s visit to the State of Israel in March contributed to the intensification of the bilateral dialogue and one of the topics was the organization of more events with the participation of companies from both countries.

‘It is important to prepare such an event jointly in order to attract a larger number of participants from both sides,’ Nikola Stojanov said. In his words, during his visit to Tel Aviv he extended invitations to a number of Israeli companies to visit our country and discuss joint projects. ‘Some of them were already in Bulgaria and I can say that we expect several concrete Bulgarian-Israeli projects to start in the near future,’ the Minister of Economy said further.

He said that innovation and high technology are areas with great potential for joint cooperation between the two countries. ‘Bulgaria attaches great importance to attracting Israeli investments. We are looking to intensify cooperation in high-tech industries and services with medium and high added value,’ Minister Stojanov emphasized.

Nikola Stojanov briefed the Israeli ambassador on the progress of the project for the construction of a state-owned cow farm, which will be managed by the dairy company LB Bulgaricum. ‘We are in an advanced stage of talks to use the Israeli know-how in software and logistics solutions in this area,’ Minister Stojanov explained. His words made it clear that Israel’s largest company, which operates a national software that brings together all cow farms in Israel, was visiting the country at the invitation of the LB. ‘There are several areas of partnership that are of interest to both countries and I am optimistic that we will have positive results in a short time,’ Minister Stojanov explained.

During the meeting, they also discussed the opportunities for exchange of experience and initiation of business missions from both countries to implement more joint projects. It was noted that last year Bulgarian exports to the State of Israel increased by nearly 36%. During the meeting, Minister Stojanov presented the measures to support start-ups and urged the Israeli companies to get acquainted with the Bulgarian start-up system as another opportunity for exchange of experience between the countries.

The Minister of Economy also presented the Bulgarian military-industrial industry and the opportunities for expanding bilateral cooperation in the sector.