News

The Republic of Bulgaria and the Kingdom of Saudi Arabia will partner to promote investment between the two countries. This was underscored during a meeting between the Minister of Economy and Industry Nikola Stoyanov and H.E. Khalid Bin Kamal Faqih, Ambassador of the Arab State to Bulgaria. During the discussion, the two sides discussed a future agreement on the promotion and mutual protection of investments, which will create a basis for attracting more Saudi investments in our country.

More than 1150 students from 30 schools in 15 specialties are enrolled in the dual form of education for the 2022/2023 academic year. This became clear during a conference for the presentation of the results of the project “Dual training in Bulgaria” (GODUAL). The event was opened by the Minister of Economy and Industry Nikola Stoyanov and Philippe Kupfer, Commercial Counsellor at the Austrian Embassy.

The initiative aimed to present the conditions that state industrial parks can offer, as well as the plans for their development.
“For the last 10 years private investments in the Bozhurishte industrial zone have amounted to over BGN 610 million. These funds have been invested mainly by foreign companies”, Minister Nikola Stoyanov emphasized. According to him, the zone produces materials for the automotive industry, parts and modules for packaging machines for the food, pharmaceutical and medical industries, telecommunications equipment, audio systems, and equipment for the military industry, biocosmetics, biofoods, etc. Exports are mainly to EU countries, but many manufacturers have customers worldwide.

I expect that by the end of the year the gross value added produced by research and development will reach BGN 10 billion. This was announced by the Minister of Economy and Industry Nikola Stoyanov during the opening of the 76th edition of the International Technical Fair in Plovdiv. He congratulated the organizers for giving focus to Industry 4.0 and innovation this year.

For the 2022/2023 academic year, 90 employers have expressed their willingness to hire students in 13 professional fields and to open jobs for 730 students. This was announced to the media by the Minister of Economy and Industry Nikola Stoyanov at the University of National and World Economy. He was a guest at the official opening of the new academic year at the university.

We expect our bilateral trade with Romania to exceed €7 billion by the end of the year. This was announced by the Minister of Economy and Industry Nikola Stoyanov at the opening of a Bulgarian-Romanian business forum in Ruse today. More than 100 companies from both countries took part in the forum.
“In 2021, we have achieved an increase in commodity trade of nearly 40%,” Minister Nikola Stoyanov stressed, adding that the upward trend remains for the first 5 months of 2022, approaching 55% for the period.

Minister of Economy and Industry Nikola Stoyanov opened the school year at the 91st German Language School “Prof. Konstantin Galabov”, where he completed his secondary education.
He wished the students and faculty a successful school year that will be fully attended. “My advice to all students is to respect your teachers and listen to them because they are the people who have dedicated their profession to your future,” Minister Stoyanov said.

Seventy-four percent of companies in the country use natural gas, and only 37% can replace it with an alternative fuel. This was announced by the Minister of Economy and Industry Nikola Stoyanov at the opening of the specialized exhibition “MachTech & InnoTech Expo 2022”. The data are from a survey of Bulgarian businesses conducted by the ministry in August, which aimed to give an up-to-date picture of business needs.

At a meeting at the Ministry of Economy and Industry, Minister Nikola Stoyanov and the Ambassador of the Islamic Republic of Iran to the Republic of Bulgaria H.E. Seyyed Mohammad Javad Rasouli discussed the opportunities for cooperation in the energy sector. The discussion was a continuation of the search for all opportunities to ensure the diversification of our country.

CACIAF have been alerted to a conflict of interest of Eli Spasova – Head of the Cabinet (until August 2022) of Deputy Prime Minister Ninova.
Bulgaria is one of the few countries that can get additional gas from Azerbaijan before the winter. As a matter of urgency a scheme has been developed, which has already been proposed and supported in principle by the Asian country, which envisages the implementation of a barter – electricity for blue fuel. This was announced by the Minister of Economy and Industry Nikola Stoyanov on the air of BNT. This week he visited Azerbaijan, where the scheme was proposed and discussed.