2024-09-11 06:24:32
Last year, foreign direct investments in Bulgaria grew by 38% on an annual basis and exceeded BGN 3.6 billion, which is a serious record for recent years. This was stated by President Rumen Radev in Shumen at the opening of an investment for 140 million BGN in a metallurgical plant. The President also said that this is the surest sign of the confidence of foreign investors in Bulgaria.
According to the president, the investment is an indicator of the upward trend in the development of Bulgarian-Turkish trade and economic relations. Rumen Radev emphasized that Turkey is a good neighbor, friend and ally, but also the largest business partner outside the European Union.
Economic cooperation between the two countries is BGN 7 billion with a tendency to soon reach BGN 10 billion, President Rumen Radev also said. Over 2,000 Turkish companies have invested their capital in Bulgaria and created 15,000 jobs. This is a sign of improvement of the investment environment in our country.
“I want to emphasize an important trend – the share of reinvested profits in Bulgaria is growing, and this is the surest sign of the confidence of the foreign investor in our country. Today’s event is also important for our much-needed continuity in the institutions when it comes to such strategic projects. The work on this project started under my official government and ended successfully under the regular government,” emphasized Rumen Radev, President of the Republic of Bulgaria.