News

“The ambition of Svetozar, Vasil, Boyko and Hristo created a truly innovative and successful company. Its recent acquisition by Progress Software for the incredible sum of $265.5 M is a precedent not only for Bulgaria but the entire region. Telerik has become one of the hottest topics and a reason for national pride.”

“We must look for innovative approaches to develop trade and economic relations between Russia and Bulgaria.” That was invoked by Yuriy Isakov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Bulgaria, during a meeting with Minister of Economy Bojidar Loukarsky held today.

Minister of Economy Bojidar Loukarsky discussed the main problems that limit professional fulfillment and raise the level of employment among sight impaired people at a meeting held today with representatives of the Union of the Blind in Bulgaria (UBB).

Minister of Economy Bojidar Loukarsky and Pakistani Ambassador Muhammad Jamshaid Iftikhar have discussed at a meeting today the creation of a commerce incubator in the coastal city of Bourgas, which will serve all of Europe. The idea behind the incubator is to take advantage of Bulgaria’s favourable geographic location, being the closest EU Member State to Pakistan via land, and to increase trade between Pakistan and Europe

Opportunities for boosting trade and economic relations between Bulgaria and Japan were discussed at the Bulgarian-Japanese Economic Forum held in the Ministry of Economy today. Deputy Ministers Lyuben Petrov and Daniela Vezieva, Evegeni Ivanov, Executive Director of Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), Atanas Nenov, CEO of National Company Industrial Zones PLC, Anelia Baklova, Marketing Director of the Bulgarian Investment Agency (BIA) took part in a discussion with representatives of the Japanese business.

Deputy Ministers of Economy Daniela Vezieva and Lyuben Petrov met with representatives of over 50 sector organizations, members of the Bulgarian Industrial Association (BIA) and the Management Board of the BIA , which hosted and organized the meeting.

To speed up the procedure for issuing the so-called “Blue Card” to allow work and residence permit in Bulgaria for foreign specialists in the field of high technology. That was insisted by representatives of professional organizations of the IT sector at a meeting with Minister of Economy Bojidar Loukarsky held today. Currently, the Bulgarian high technologies market suffers from a great hunger for such specialists but the procedure for granting a permit takes from 6 to 9 months, which is not functional, the sector said. Their data reveal that only two Blue Cards to computer specialists were issued last year. According to industry, a change in the Bulgarian Citizenship Act is required to shorten the procedure up to a month.

“We will do our best to enhance the interest of Italian investors in Bulgaria.” This was stated by Minister Loukarsky at a meeting with the Ambassador of Italy in Bulgaria Hon. Marco Konticheli. According to the Italian Ambassador, the Italian associations have demonstrated a strong presence in Bulgaria being currently represented by more than 1,000 companies. Both Minister Loukarsky and Ambassador Konticheli desire to attract new investment in the country through joint efforts. This will reinforce the leading position of Italy as a key trade partner and a major investor in our country.

Stamen Yanev is the new Executive Director of InvestBulgaria Agency, designated by the Minister of Economy Bojidar Loukarsky and coordinated with the Prime Minister Boyko Borisov.

Mr. Yanev is a lawyer, specialized in mergers and acquisitions, as well as in the field of investment.

The Federal Government and the Government of the Republic of Bulgaria welcomed an agreement reached between two parties to resolve the open economic issue that affects federal investment guarantees for projects in Bulgaria. As a result, Germany again will be able to consider applications for providing investment guarantees for Bulgaria. This way we are creating conditions for more complex economic cooperation between both countries.