News

The Executive Director of InvestBulgaria Agency Stamen Yanev participated in the second panel, organized on 14 April in Sofia, of the economic forum concerning the bilateral trade and economic cooperation between Bulgaria and Italy. At the event became clear that the economic relations between the two countries are developing very dynamically with potential for future progress in several areas, including auto and electro manufacturing, electronics and electrical engineering, information technology, chemical and pharmaceutical industry, food industry, tourism, logistics and energy.

Positive indication of the role of the Italian investments in our country is the constantly increasing number of Italian companies operating on the Bulgarian market. For the period 1996 - 2014, Italy ranks 10th place in terms of direct investments in Bulgaria, their amount reached 1.49 billion Euros. At present, companies listed on Bulgarian territory with Italian capital are over 1000 with over 25 000 jobs.

The main advantages of our country are theactive investment policy according to the Investment Promotion Act (IPA), maintenance of favorable tax policy and the lowest operating costs in the EU. Not least highly appreciated by foreign investors factor is the availability of qualified staff.

Benedetto Della Vedova Senator, Deputy Minister of Foreign Affairs and International Cooperation of the Italian Republic confirmed that Bulgaria represents an increasingly important destination for Italian exports and investment. He said macroeconomic fundamentals of the country are solid, GDP is growing, and fiscal legislation is one of the most attractive in Europe.

H.E. Mr. Marco Konticheli, Ambassador of Italy in Bulgaria expressed strong belief in the country's role in the view of the European Economic Area and the strategic position which holds it. He expressed hope for a successful presentation of the Italian business community in structural projects and privatization procedures of Bulgaria.