In Brief

Bulgaria’s cooperation with Israel could boost the economy

“The development of innovation in Bulgaria and the cooperation with Israel can boost the country’s economy. Opportunities for development of bilateral relations are limitless. We have common interests and priorities in a number of other areas such as computer technology, education, health, infrastructure, energy, transport.”

This was stated by Stamen Yanev, executive director of InvestBulgaria Agency (IBA), after his participation in the joint Bulgarian-Israeli forum on bilateral relations and cooperation in the field of innovation. The event was organized jointly by the Ministry of Economy, Bulgarian Academy of Sciences and the Embassy of Israel.

Mr. Yanev presented the audience a wide range of investment opportunities and joint projects in key areas for the two countries. He drew attention to the economic climate and sustainable results which demonstrate the country last months and focused on the prospects for bilateral cooperation.

Mr. Yanev stressed the the achievements of IBA in reducing administrative burdens for potential investors and drew attention to the plans of the agency to attract new capital and opening of Bulgaria to both new partners and those who have invested in the past, from the Middle East and Central Asia.

The perfect formula for success combines sustainable business environment that we have already achieved in combination with entrepreneurship, aimed at developing and promoting scientific achievements. The state of Israel has leading expertise in the deployment of scientific potential through investments in key sectors and will benefit from the shared achievements to apply them in our conditions, said Mr. Yanev after the forum.