Deputy Minister Danchev participated in the opening of the Bulgarian-German Sustainable Economic Growth Economic Forum

Deputy Minister Danchev participated in the opening of the Bulgarian-German Sustainable Economic Growth Economic Forum

“Creating conditions for sustainable economic growth is the main priority of the Ministry of Economy and Industry”, the Deputy Minister of Economy and Industry Dimitar Danchev said during the opening of the Bulgarian-German Economic Forum on Sustainable Economic Growth.

He also announced that the ministry is working hard to achieve a good macroeconomic and investment climate by developing a new model for the development and management of industrial zones. In this regard, regulatory changes are being prepared to stimulate smaller investments with high added value, which will provide an economic alternative to small settlements. Work is also underway on the creation of an investment map for the reindustrialization of Bulgaria, based on the raw materials mined in the country, with the aim of attracting production enterprises to process the raw materials here.

According to Deputy Minister Danchev, the activity of German companies, which are reliable investors and commit themselves long-term, is one of the factors for the positive development of economic relations between our two countries. The total value of direct investments from Germany as of January 1, 2022 is over EUR 3.8 billion. About 30% of the 100 largest investors in Bulgaria are German or with German participation.

He also commented that there is serious interest in investments from German companies in Bulgaria, and currently work is being done on projects for 200 million BGN. Preliminary forecasts indicate that a significant result is expected to be achieved within three months, considering , that for the whole of 2021, the investments from Germany are about BGN 500 million.

“The Federal Republic of Germany is a leading foreign trade and traditionally good partner of Bulgaria”, Deputy Minister Danchev said and expressed his belief that thanks to formats like today’s, the two countries can together find an even better formula to cooperate and be mutually beneficial.

The forum is organized by the German-Bulgarian Chamber of Industry and Commerce, and within the framework of the event, the results of the work of the Chamber on the topic of the year “Sustainable Economic Growth” are summarized. It was attended by over 10 leading German investors in our country, who presented good practices, sustainable projects and know-how.