site.btaOfficial Data Disprove Gloomy Forecasts about Drop in Investments in Bulgaria

Official Data Disprove Gloomy Forecasts about Drop in Investments in Bulgaria

Sofia, July 3 (BTA) - At this stage, the official data by the
central bank disprove the gloomy forecasts about a drop in
investments in Bulgaria, Economy Minister Bozhidar Loukarski
said during Question Time in Parliament on Friday.

Three investment certificates, two of which for class A
investments and one for a priority investment project, were
issued in the past few months totalling 128.32 millio leva. The
three undertakings are expected to create 327 new jobs.
Investment projects worth more than 87 million leva and creating
 about 943 jobs over the next couple of years are in the process
 of being certified, Loukarski said.

The Ministry has analysed the problems raised by investors and
together with the Finance Ministry is working on a mechanism for
 monitoring the investment climate. Loukarski said that the
Bulgarian Investment Agency has the objective of becoming a
"one-stop shop" for all investors.

According to Deputy Economy Minister Daniela Vezieva, the
biggest problem of the business are the administrative burdens
caused by various regulations. At a meeting with business
representatives in Rousse, Northeastern Bulgaria, she said that
the Ministry has suggested amending or scrapping some
regulations "because otherwise it would be impossible to free
the business environment".

In Rousse the Economy Ministry started a series of meetings with
 business people nationwide. Vezieva said that the idea is for
the Ministry team to speak with business representatives in a
bid to solve in situ many of the problems related to regulatory
regimes, and other issues.