Bulgaria offers competitive conditions for investments in sustainable and high-tech sectors
Bulgaria is an excellent investment destination, particularly in high value-added sectors such as high-tech manufacturing and low-carbon industry. This was stated by the Deputy Minister of Economy and Industry, Nikolai Pavlov, during the Bulgarian-Turkish Business Forum held in Shumen, organised by the Bulgarian-Turkish Chamber of Commerce and Industry.
Pavlov emphasised that the government encourages innovation, the development of new products and services, and the building of a competitive economy.
“We will promote investments in sustainable technologies and resource-efficient production, which is key to enhancing the competitiveness of the Bulgarian economy,” Pavlov added. He expressed confidence that Turkish companies could take advantage of these opportunities and explore new areas for growth in Bulgaria.
“It is a great pleasure for me to attend the Bulgarian-Turkish Business Forum, which marks yet another step in strengthening the economic ties between our two countries,” Pavlov stated, highlighting the significant growth in bilateral trade, which in 2024 reached a record 7.7 billion euros – an increase of 15% compared to the previous year. He noted that exports from Bulgaria to Turkey accounted for 6.7% of the country’s total exports, reaffirming Turkey’s position as one of Bulgaria’s leading export markets.
“Bulgaria offers attractive conditions for Turkish companies, including ready-to-use plots in industrial parks,” Pavlov pointed out. He also underlined the government’s measures to reduce the administrative and financial burdens on businesses and to stimulate investment.
In conclusion, Pavlov expressed confidence that the current business forum will contribute to the formation of new partnerships and help outline the opportunities for overcoming the economic challenges faced by both countries.
The forum was also attended by the Deputy Minister of Innovation and Growth, Krasimir Yakimov, the Mayor of Shumen Municipality, Prof. Hristo Hristov, as well as representatives of the businesses communities from both countries.