Kristalina Georgieva, Ivaylo Kalfin Discuss Need of Bulgarian Juncker-Style Investment Plan

Business | August 14, 2015, Friday // 21:17|  views

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EU Budget Commissioner Kristalina Georgieva and Bulgaria’s Social Policy Minister Ivaylo Kalfin discussed on Friday a need to draft a national investment programme similar to the European Commission’s Investment Plan 2015-2017.

An investment programme modelled after the Juncker Investment Plan will mobilize public and private financing to meet clearly defined investment objectives, boost economic growth and create new jobs.

Bulgaria has to seek specialization in particular areas in which to build capacity for becoming a regional and European leader, for example innovation and development of entrepreneurship, Georgieva said, according to a press release of the Labour and Social Policy Ministry.

Kalfin and Georgieva also discussed options to considerably increase funding for programmes that will allow young people of the Bulgarian diaspora around the world to study in the country.

The Investment Plan for Europe, also known as Juncker Plan after the head of the EU Commission Jean-Claude Juncker, calls for mobilisation of at least EUR 315B in public and private sources of finance over three years to boost economic growth in Europe.

It focuses on removing obstacles to investment, providing visibility and technical assistance to investment projects and making smarter use of new and existing financial resources.

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Tags:   Bulgaria, Juncker, Georgieva, Kalfin, investment plan, growth, jobs, finance


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