Bulgarian President Calls on Balkans to Guarantee Stability of Investors

Bulgarian President Rosen Plevneliev called on the countries from Southeastern Europe to guarantee the stability of investors in the region.

Plevneliev stated this during his meeting with Denis Zvizdic, Chairman of the Council of Ministers of Bosnia and Herzegovina, and the leaders of the two chambers of the Parliament in Sarajevo on Thursday.

Among the other topics of discussion were the opportunities for increasing the economic exchange between Bulgaria and Bosnia and Herzegovina as well as the development of transport infrastructure in Southeastern Europe.

The Head of State once again reaffirmed Bulgaria's support for the European integration of Bosnia and Herzegovina and the countries of the Western Balkans and shared the Bulgarian experience on the management of EU funds.

Plevneliev said that the confidence of investors was earned with ensuring the security of their investments.

According to him, the main factor, which guaranteed the stability of the Western Balkans was the opening of the European perspective to all countries of the region.

The Bulgarian President pointed that by attracting companies of strategic importance in one of the countries of Southeastern Europe, the whole region benefited as this led to subsequent opening of tens of production capacities by the related subcontractors.

In the Bulgarian case, these were the firms producing components for the automobile industry, which supplied all major automobile producers in Europe.

Plevneliev highlighted that despite the difficulties in the first years of Bulgaria's accession to the EU, among the most important achievements of the country was the adaptation of Bulgarian legislation with that of the EU and the establishment of production and business standards.

The Head of State revealed that Bulgaria's record in this respect was not perfect and there was still much to be achieved, but the country was on the right track.

In his words, the country was working towards ensuring that the change in the qualify of life will be felt not only by Bulgarian citizens, but also by all citizens of the region.

Plevneliev also outlined the country's improved positions in respect of the transparent absorption of EU funds, with the country ranking among the first in the EU at present.

The Head of State invited representatives of the government of Bosnia and Herzegovina to visit Bulgaria in order to discuss the transit of meat and dairy products through the country on their way to the Near East.

He added that the solution of this issue should be in compliance with the EU standards and legislation.

Zvizdic revealed that Bosnia and Herzegovina was preparing to implement series of reforms pertaining to the country's European integration.

Among them were the improvement of the business environment, aiding the operation of Small and Medium-sized Enterprises (SMEs) and adoption of programmes stimulating youth employment.

Zvizdic expressed the readiness of Bosnia and Herzegovina to organise joint meetings between business representatives and discussing concrete investment projects in the two countries.

The authorities of Bosnia and Herzegovina expressed their gratitude to the Head of State for the friendship and the well-timed support, which Bulgaria demonstrated and provided to the country after the heavy floods in 2014.

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