site.btaForeign Investments in Bulgaria Increase by Over 96% in First Half of 2023 Y/Y

In the first half of the year, the increase in foreign direct investment in Bulgaria compared to the same period in the previous  year was more than 96%, said Bulgarian Investment Agency (BIA) Executive Director Hristo Etropolski on Tuesday at a forum for Labour Market Opportunities in North-Eastern Bulgaria in Shumen. He specified that he was quoting Bulgarian National bank data.

The amount of invested funds for the first half of 2023 exceeded EUR 1.7 billion. Etropolski commented to BTA that it is still too early to say which sectors have attracted the most investments, but according to preliminary data, they are in the field of mechanical engineering, transport and logistics, high technologies, production activities.

The BIA 's team is taking a policy of proactivity, Etropolski also said, noting that one of the tasks is to brand Bulgaria as a successful place for investments, especially considering that the international environment for attracting investors is extremely competitive.

The BIA also offers incentive measures for businesses. Etropolski pointed out, describing them as both financial and logistical. The BIA team is aiming to optimize the relations of entrepreneurs with state and local government bodies and help to provide faster administrative service.