Balkans | The Bulgarian Minister of Innovation and Growth met with the Ambassador of Turkey in Sofia

Home » Balkans | The Bulgarian Minister of Innovation and Growth met with the Ambassador of Turkey in Sofia
Balkans |  The Bulgarian Minister of Innovation and Growth met with the Ambassador of Turkey in Sofia

During the meeting held at the Bulgarian Ministry of Innovation and Growth, Alexander Bolev, and the Ambassador of the Republic of Turkey to Sofia, Aylin Itkok, cooperation in the field of investments and trade and economic relations between the two countries was activated and deepened. Discuss.

According to the statement issued by the ministry, during the meeting, preparations were made for the Business and Investment Forum organized by the Bulgarian Investment Agency (BAI) of the Ministry of Innovation and Growth (MIR) in Istanbul at the end of January. confirmed. At the forum, along with promoting investment, business creation and development opportunities in Bulgaria, it will be emphasized that our country is a successful investment destination in front of representatives of the Turkish business world. Leading companies in the automotive, mechanical engineering, health and spa treatment sectors will attend the event.

The aim of the forum is to better promote our country in the investment community of Turkey as a good place to develop a successful business, as well as to show good examples of Turkish companies that have successfully invested in our country.

Minister Pulev noted that Turkey is among the main partners in foreign trade and investment of Bulgaria. This is confirmed by both the ever increasing number of Turkish companies operating in the Bulgarian market and the rate of increase in trade volume between the two countries.

According to the data of the Central Bank of Bulgaria (BNB), the total investment volume from Turkey to Bulgaria as of January 1, 2022 is €1,057.5 billion. Turkish investments for the first quarter of 2022 amount to 33.3 million euros.

Within the scope of the Investment Incentives Law, Turkish companies operating in our country only in the period 2005-2022 have 29 approved investment projects. The total investment volume within the scope of these projects is about 1 billion leva and job opportunities have been created for 4,308 people. Investment projects mainly in the manufacturing and healthcare sectors.

In the first six months of 2022, the volume of trade with Turkey increased by 55.4 percent compared to the same period in 2021, and amounted to 3.794 billion euros. In the same period, exports to Turkey increased by 31.6 percent and amounted to 459 billion euros, which puts Turkey in fifth place among trading partners of Bulgaria.

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