News

Companies from Saudi Arabia are interested in Bulgarian dairy products, including discussing the possibility of obtaining a license for their production on their territory. This became clear during a meeting of the Minister of Economy and Industry Nikola Stojanov with Bandar bin Ibrahim AlKhorayef, Minister of Industry and Natural Resources of the Kingdom of Saudi […]

Last year, Bulgaria reported a double increase in exports to the Kingdom of Saudi Arabia compared to 2020. It amounted to over USD 230 million, which is a record value for a 10-year period back.

Next year marks half a century since Bulgarian yoghurt entered the Japanese market. In this regard, a programme of initiatives is being prepared to promote the anniversary, which was discussed at a meeting between the Minister of Economy and Industry Nikola Stoyanov and H.E. Hiroshi Narahira, Ambassador of Japan to Bulgaria. The conversation was held at the request of the diplomat.

Revised NSI data show that in 2021, exports of goods and services from Bulgaria were over BGN 85 billion. This was announced by the Deputy Minister of Economy and Industry Dimitar Danchev in his address to the participants in the Annual Meeting of the Presidents of the European Confederation of International Trade House Associations (CITNA). […]

Dialogue between business and the state is key to planning and implementing adequate economic policies. This was underscored by the Minister of Economy and Industry Nikola Stoyanov at the opening of an annual meeting of the Non-Food Traders Association.

Over 30 thousand new small and medium-sized enterprises are created in Bulgaria every year. This was said by the Minister of Economy and Industry Nikola Stoyanov during the award ceremony of the winners of the “Large Small” competition.

By the end of 2021, 39 Bulgarian projects have been funded by the European Space Agency. This was announced by the Minister of Economy and Industry Nikola Stoyanov during the ceremony “50 years Bulgaria – a space state”, organized by the Space Research and Technology Institute at the Bulgarian Academy of Sciences.

Work has started on the creation of an investment map for the re-industrialisation of Bulgaria, which will be based on the raw materials extracted in the country. This was agreed between the Minister of Economy and Industry Nikola Stoyanov and the Bulgarian Chamber of Mining and Geology. According to him, Bulgaria has large amounts of underground wealth, which is currently being used entirely for export and these are lost benefits for the Bulgarian economy.

Last year, Bulgarian exports to the USA grew by over 50% and amounted to nearly USD 1 billion. This was announced by the Minister of Economy and Industry Nikola Stoyanov at the opening of the International Conference “EXPLORE U.S.”. The event was also attended by Minister of Innovation and Growth Alexander Pulev, U.S. Assistant Secretary of State for Energy Resources Geoffrey Payette, President of the American Chamber of Commerce in Bulgaria Olivier Marquette, U.S. Ambassador to Bulgaria Herro Mustafa, Executive Director of the Executive Agency for the Promotion of Small and Medium Enterprises Boyko Takov and others.

The first meeting of the “Breakfast with investors” format, which took place today, is with representatives of Austrian business and is organized with the assistance of the Embassy of Austria in Bulgaria.
The cumulative amount of foreign direct investment in Bulgaria at the beginning of 2022 exceeds EUR 50 billion. “Behind these numbers is the work of thousands of companies. We, as a state, are obliged to have a much more cooperative dialogue with them,” Minister Stoyanov stressed. According to him, it is very important to make these meetings regular because they provide a quick and direct form of communication for foreign businesses with the minister in charge. “It is key for us to hear first-hand the problems and future intentions of foreign investors in the country. This will assist us in the preparation of legislative changes and future development of industrial zones,” Nikola Stoyanov added at the opening of the event.