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The development of innovation in Bulgaria and the cooperation with Israel can boost our economy. Opportunities for development of bilateral relations are limitless. We have common interests and priorities in a number of other areas such as computer technology, education, health, infrastructure, energy, transport.

This was stated by Stamen Yanev, executive director of InvestBulgaria Agency (IBA), after his participation in the joint Bulgarian-Israeli forum on bilateral relations and cooperation in the field of innovation. The event was organized jointly by the Ministry of Economy, Bulgarian Academy of Sciences and the Embassy of Israel.

Before the participants in the two-day forum Bulgarian and Israeli scientists, businessmen and experts in the field of innovation, Mr. Yanev presented the wide range of investment opportunities and joint projects in key areas for the two countries. He drew attention to the economic climate and sustainable results which demonstrate the country last months and focused on the prospects for bilateral cooperation.

Stamen Yanev stressed the the achievements of IBA to reduce administrative burdens for potential investors and drew attention to the plans of the agency to attract new capital and opening of Bulgaria to both new and to partners have invested in the past from the Middle East and Central Asia.

The perfect formula for success combines sustainable business environment that we have already achieved in combination with entrepreneurship, aimed at developing and promoting scientific achievements. State of Israel has leading expertise in the deployment of scientific potential through investments in key sectors and will benefit from the shared achievements to apply them in our conditions, said Stamen Yanev after the forum.