News

A factory for packaging of liquid bitumen was opened in India by the Bulgarian-Indian joint venture “Prime Star Petroleum and Infrastructure”. It is situated near the town of Bivandi, 25 km away from Mumbay. The factory will be operating as a Sub-contractor of Indian state oil giant company called “Hindustan Petroleum Corporation Ltd.”, after winning a tender for the project implementation related to “design, construction and operation”.

“All goods not meeting the established parameters of certifying in compliance with the European and Bulgarian legislation shall be considered dangerous. This includes even goods that do not have written instructions for usage and safety on them. That is why we are going to do the regular inspections more frequent in order to ensure safety and health for each of us and for our children”.

The work meeting held today with the Minister of Economy Bozhidar Loukarsky at “VMZ” AD, town of Sopot, resulted in finalizing of negotiations about signing an agreement on repayment of the principal obligations of “VMZ” duties to Sopot Municipality amounting to 2,684 million BGN within 6 months.

“The participation of Bulgarian enterprises in transatlantic trade will create opportunities for sustainable economic growth, and this is a priority for Bulgaria”. This was stated by the Minister of Economy Bozhidar Loukarsky at the conference on “Transatlantic partnership for trade and investments: prospects for small and medium-sized enterprises” held earlier today and organized by the American Chamber of Commerce in Bulgaria as well as by Konfindustria Bulgaria.

“With regard to the Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States Bulgaria has officially stated its position that visa regime for Bulgarian citizens traveling to the United States should be considered whilst negotiating”. That was said by the Minister of Economy Bojidar Loukarsy at a press conference held today. He recalled that TTIP was among the main issues being discussed at the Council for Foreign Trade held in Brussels last week. The ministers took a decision to further negotiate under the agreement, which will encourage the investment and the trade and economic relations in the community.

“The establishment of prerequisites and conditions for the resurgence of Bulgarian industry requires formulating the long-term priorities. That is to try to identify specific priorities, thus guaranteeing a targeted and an effective strategy”. That was stated by Deputy Minister of Economy Daniela Vezieva at roundtable on “Revival of the industry in Bulgaria” organized earlier today by the Independent Trade Unions’ Congress of Bulgaria.

Our efforts are aimed at reducing of the administrative burden and ensuring a favorable and predictable business environment”. That was stated by the Minister of Economy Bojidar Loukarsky at the ceremony opening the modernized plant Verila Lubricants AD , part of Prista Oil.

“Bulgaria is among the main supporters of liberalization of the trade between the EU and Japan, and this is the position that we will be defending at the upcoming Foreign Affairs Council meeting in Brussels” the Minister of Economy Bojidar Loukarsky stated a meeting with the Japan’s Ambassador to Bulgaria, H.E.Takashi Koizumi held earlier today.

“The commercial and economic relations and potential of Bulgaria and Romania set a real possibility for a joint expansion on more distant markets. This will lead to an economic growth to the region, said Economy Minister Bojidar Loukarsky at a meeting held earlier today with Romanian Ambassador Anton Pacuretu.

“The Ministry of Economy is really committed to further improve the business environment and you can count on our active cooperation and support. We will work hard in order to implement the economic priorities of the government – to simplify and facilitate the administrative services, to maintain and improve a favourable business climate, to foster the investment and innovation and to improve the acces to finace”. That was stated by the Minister of Economy Bojidar Loukarsky at the ceremony opening a Rain Water Treatment Plant worth EUR 6.3 million at the industrial site of Aurubis Bulgaria in the town of Pirdop.