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Deputy Minister Pavlov: China ranks second among our non-EU trading partners

Deputy Minister Pavlov: China ranks second among our non-EU trading partners

According to data for the first six months of this year China ranks second among Bulgaria’s trade partners outside the EU. This is what Deputy Minister Nikolay Pavlov said during a discussion organized by the China Media Group on the occasion of the 10th anniversary of the One Belt, One Road initiative. The Ambassador of […]

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Deputy Minister Pavlov: We aim to increase French investment in Bulgaria

Deputy Minister Pavlov: We aim to increase French investment in Bulgaria

French investments in Bulgaria are over 1 billion euros “Bulgaria has the potential to expand cooperation and increase French investments in the energy sector, mechanical engineering, construction of infrastructure facilities, food industry and others.” This was said by Deputy Minister of Economy and Industry Nikolay Pavlov during the Bulgarian-French Business Forum in Sofia, which was […]

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Deputy Minister Shotev: Investments in the first seven months amounted to over EUR 2 billion

Deputy Minister Shotev: Investments in the first seven months amounted to over EUR 2 billion

Young people can develop their potential and make a career in Bulgaria “In order to meet the demands of investors, we continue to actively work on reforming policies related to vocational education, reducing the administrative burden and developing industrial zones.” This is what Ivaylo Shotev, Deputy Minister of Economy and Industry, said at a business […]

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Minister of Economy Bogdan Bogdanov visited the newest hypermarket in Sofia, in which 40 million BGN have been invested

Minister of Economy Bogdan Bogdanov visited the newest hypermarket in Sofia, in which 40 million BGN have been invested

The company expands its investment in Sofia with 40 million BGN and creates 70 new jobs Minister of Economy and Industry Bogdan Bogdanov met with the management of Kaufland Bulgaria and visited the newest 14th hypermarket of the retail chain, a day before its opening. The company has made an investment of 37 million BGN […]

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Deputy Minister Shtonova: The Bulgarian defence industry should develop and expand its production capacity through industrial cooperation

Deputy Minister Shtonova: The Bulgarian defence industry should develop and expand its production capacity through industrial cooperation

It is essential to establish a targeted and consistent national policy on the development of industrial cooperation projects within the framework of the contracts for the acquisition of military equipment and equipment for the needs of the Bulgarian Armed Forces. This was said by Deputy Minister of Economy and Industry Irina Shctonova at the opening […]

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Deputy Minister Shotev: Small and medium-sized enterprises are the backbone of the Bulgarian economy

Deputy Minister Shotev: Small and medium-sized enterprises are the backbone of the Bulgarian economy

The Deputy Minister of Economy and Industry Ivaylo Shotev participated in the 4th edition of the International Conference “Financial and Investment Support for SMEs”. “Small and medium-sized enterprises are the backbone of the Bulgarian economy,” he said. Deputy Minister Shotev stressed that our country offers good conditions for the development of small and medium-sized enterprises, […]

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A joint research institute between Japan’s Meiji and El Bi Bulgaricum will be established in the country

A joint research institute between Japan’s Meiji and El Bi Bulgaricum will be established in the country

Minister Bogdanov: We are laying the foundations for cooperation for the next 50 years A new joint research institute will be set up between Japan’s Meiji and the state-owned company El Bi Bulgaricum. The research and development centre will focus on research and innovation in dairy farming. The aim is to launch the joint institute […]

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Minister Bogdanov: We need to maintain and build on the competitiveness of Bulgarian business

Minister Bogdanov: We need to maintain and build on the competitiveness of Bulgarian business

“The targets set in Europe for the green transition should not be at the expense of business. We need to maintain and build on the competitiveness of Bulgarian business”. This was said by the Minister of Economy and Industry Bogdan Bogdanov during a round table “European regulations for zero emissions. Turning Bulgaria’s challenges into a […]

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Deputy Minister Shotev: More than 6.6 % of the value added of the manufacturing industry is in the garment sector

Deputy Minister Shotev: More than 6.6 % of the value added of the manufacturing industry is in the garment sector

In recent years, the textile industry has been one of the most dynamic sectors that requires innovation and new good ideas. More than 6.6% of the value added of the manufacturing industry is in the clothing sector and 1.8% is in the textile sector. This was stated by Deputy Minister of Economy and Industry Ivaylo […]

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Deputy Minister Shotev: Bulgarian exports of machinery and equipment record 30% growth

Deputy Minister Shotev: Bulgarian exports of machinery and equipment record 30% growth

“Bulgarian exports of machinery and equipment show an increasing trend. According to the BNB, in 2022 exports of machinery and apparatus has grown by 30% compared to the previous year.” With these words the Deputy Minister of Economy and Industry Ivaylo Shotev opened the 14th edition of the largest international exhibition in Bulgaria ­ MachTech&InnoTech […]

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