Nine certificates for investment issued
13 April, 2017
The Bulgarian government has issued nine certificates for investment to the combined tune of BGN 148m since the beginning of the year, announced caretaker Minister of Economy Teodor Sedlarski, who personally presented three of the certificates. Two of the projects are in the field of information technologies, while the third is a storage project that is set to be realised in the Bozhurishte Economic Zone near Sofia, he explained.
Minister Sedlarski pointed to a positive trend in investment activity, both with potential foreign investors who set up operations in the country and local companies who expand their production capacity or modernise their equipment. Some 24 projects have been awarded certificates for investment in 2016, which is double the number recorded in the previous year. The total amount of funds invested under these projects stood at BGN 383m, an increase of nearly BGN 200m compared with 2015, the minister reported. According to Sedlarski, they are expected to create more than 4,700 jobs. Nine certificates for BGN 148m in projects expected to create 3,850 jobs have been issued in the first four months of 2017 alone. Eurostat data show that Bulgaria is second among central and eastern European countries in terms of foreign direct investments as a share of GDP, the minister added.