“Over 1,000 Bavarian companies do business with Bulgaria. Bulgaria has a big potential for development and this country is considered a strategic partner for Bavaria,” Bulgaria’s president Rossen Plevneliev stated during a roundtable held in the Industrial and Commercial Chamber of Bavaria.
President Plevneliev underlined that the amendments to the Investment Encouragement Act make Bulgaria an attractive business destination. The amendments envisage that the Bulgarian state covers the investors’ expenditures for social insurances for the first two years, provides grants for personnel training, efficient administration services and maintains infrastructure in the size of 20% from the investment’s value.

Natalian Malcheva