The President and Austrian Investors Discussed the Necessary Measures to Improve the Business Climate in Bulgaria

2019-01-16 13:59:00

President Rumen Radev received today at 2 Dondukov street representatives of the Austrian business in Bulgaria, with which he discussed the difficulties the companies encounter in doing business and the opportunities for improving the business climate in Bulgaria and boosting competitiveness. Andreas Wicke, Ambassador Extraordinary and Plenipotentiary of Austria to Bulgaria, attended the meeting.

The meeting is part of the talks the Head of State holds with representatives of foreign companies from countries that rank high in terms of investments in Bulgaria. With a total amount of investments worth 5.7 billion euros or 11.7 percent of the direct foreign investments in Bulgaria, Austria comes second in the ranking following the Netherlands.

During the talks the Austrian Commercial Representation in Bulgaria presented a survey among 96 Austrian companies with branches in Bulgaria, which indicates that fighting corruption and crime, ensuring legal security and the rule of law and reducing red tape are the regulatory areas which need improvement and would make Bulgaria a more attractive destination.  According to the respondents, the skills of staff, the sufficient supply of employees, infrastructure and the high-quality elements of the labor market should also be improved. At the meeting the Austrian business representatives highlighted the need for more practice-oriented education in Bulgaria and voiced fears that in the short term Bulgaria will experience an acute shortage of workers. Transparency and predictability of the legal framework were identified as a key factor for improving the business climate.

The declining trend of foreign investments in the past years showed that serious efforts and resolve are needed to improve the investment environment in Bulgaria, the Head of State emphasized.  President Radev highlighted that the cooperation with Austria is strategically important and therefore the opinion and the experience of the Austrian companies in Bulgaria are vital for our country so that a comprehensive approach be adopted to improving the investment climate, including a number of economic, financial, administrative and legislative measures. The Head of State stressed that he supports the efforts to efficiently fight corruption and to implement initiatives on improving the business environment. It is essential that we ensure the rule of law, Rumen Radev said. The President noted that labor shortage can be overcome with competitive conditions at work and higher pay.


President Radev Told Our Compatriots in Lisbon: Bulgaria Will Strengthen its Ties with the Bulgarian Communities Abroad

1 February 2019 | 08:08
“Throughout the years many of our compatriots have sought a better future abroad. However I believe that no matter where you are, you remain forever connected with Bulgaria. I know how many efforts it took each one of you to succeed in a new land and only talented and resolute people achieve that, therefore your success in Portugal is also success for Bulgaria.” This is what Head of State Rumen Radev said, who talked with our compatriots living and working in Portugal in the Bulgarian embassy in Lisbon. The meeting was attended by teachers in the St. St Cyril and Methodius Sunday school, medical doctors, culture activists and tens of our compatriots. The legendary football player of Sporting Lisbon and Bulgaria’s national football team Ivaylo Yordanov was among the guests.

Bulgaria and Portugal Share the Stance that the Economic and Social Cohesion in the EU Has No Alternative

31 January 2019 | 18:06
The economic and social cohesion in the EU has no alternative and Bulgaria and Portugal will continue to work to preserve the Cohesion Policy as a factor for overcoming the discrepancies in Europe. This was the stance shared by President Rumen Radev and the Prime Minister of the Portuguese Republic Antonio Costa, who held a meeting today in Lisbon. The two discussed a lot of issues on the EU agenda, among which the debate on Europe’s future, the European prospects of the Western Balkans, and the opportunities for developing the economic relations between Bulgaria and Portugal.

President Rumen Radev Invited the Portuguese Business to Increase its Investments in Bulgaria

31 January 2019 | 15:03
Boosting the bilateral trade between Bulgaria and Portugal is a shared goal between the institutions of the two countries. However, sustainable results can be achieved not only by conducting trade, but also by increasing the mutual investments, establishing joint ventures and ensuring joint production targeted at third markets. This is what Head of State Rumen Radev said at a working meeting with representatives of Portuguese companies planning to invest or expand their presence in Bulgaria. In the President’s words, the Bulgarian companies, with their traditions and expertise in IT, communications, energy, tourism and food production, can be partners of the Portuguese business in the implementation of new projects.

At a Meeting in Lisbon Presidents Rumen Radev and Marcelo Rebelo de Suosa Called for Conducting a Reform of the European Migration Policy and the Asylum Granting Policy

30 January 2019 | 21:09
The migratory pressure on Europe requires that the EU member states adopt a new approach and reforms be conducted of the policy pertaining to migration and asylum granting so that not only human rights can be adequately safeguarded, but also the stability of the European countries and the citizens’ security. This was the common stance shared by Rumen Radev and Marcelo Rebelo de Suosa, who held talks in Lisbon today. The Bulgarian President is on a state visit to the Republic of Portugal at the invitation of his counterpart.








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