10:35

10.01.17

1 min.

Bulgaria’s Investments Agency Pours BGN 456 M in 25 Projects

Standartnews |

Bulgaria’s Investments Agency Pours BGN 456 M in 25 Projects

In 2017, Bulgaria's Investments Agency is preparing to pour BGN 456 M in the realization of 25 projects in the IT sector.
The work on these projects started in 2016, but some of them have not been certified yet, due to clumsy bureaucracy.


When completed, the projects will open about 5,700 new job positions.


Last year, the agency facilitated the implementation of 24 projects worth BGN 389 million. They will create over 4,700 new jobs across the country.


Back in 2015, the Bulgarian Investments Agency had 12 big, certified projects worth BGN 189 million.


"All of the projects that the agency has backed are viable, competitive and, most importantly – profitable. They have helped to make Bulgaria's economy more competitive and reduce unemployment in the country," the agency's Director, Stamen Yanev, told Bloomberg TV Bulgaria.


In his words, the Bulgarian government should work to create a more favorable economic climate for business startups.



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