Bulgaria Registered Six-Year Peak in FDI in 2015

Business | March 8, 2016, Tuesday // 14:04|  views

Stamen Yanev, executive director of the InvestBulgaria Agency. Photo: BGNES

In 2015, foreign direct investment (FDI) attracted to Bulgaria amounted to nearly EUR 1.6 B, which represented a 22.5 % increase compared to 2014, with the figures registering a six-year peak.

In an interview for Standart daily, Stamen Yanev, executive director of the InvestBulgaria Agency, described Bulgaria as a truly attractive destination for investments, with the results from last year proving it.

Yanev expressed hope that the pace and political and economic stability will be maintained this year so that a new growth of investments will be registered in 2016.

The forecasts predicted that the most attractive sectors this year will be machine and car construction and outsourcing.

He identified food industry, tourism, chemical industry and organic farming as other possible sectors which could attract more investments.

One of the projects which will be awarded a certificate next week, concerns an attractive BGN 7.6 M investment by Integrated Micro-Electronics Bulgaria, which is expected to create more than 400 new jobs in the car construction sector.

Yanev noted that the positive thing about this investment is that it will be based in the town of Botevgrad, which is a region with high unemployment rate.

At present, the agency is working on the certification of fourteen new projects, which are expected to attract a total of BGN 400 M in investments and create 3000 new jobs in the next two-three years.

The two parties constituting the ruling coalition have vowed to implement forty measures which are aimed at attracting more investments.

Yanev explained that among the regions attracting most investments were Sofia, the established centers around the large cities and university towns.

He noted that last year one of the certified projects was based in a region with a high level of unemployment - the town of Karlovo.

According to him, the regions in northeastern Bulgaria are also holding great potential to attract investments.

In his words, the agency is attempting to even out regional differences and to attract investments to regions with high unemployment rates.

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Tags: Bulgaria, FDI, investment, InvestBulgaria Agency, Stamen Yanev, construction, industry


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