NEWS

 

Opportunities for increasing investments in innovations and high technologies were the focus of a meeting between head of State Rumen Radev and the visiting President of the European Investment Bank, Werner Hoyer. 

 

The two concurred that Europe's future belongs to innovation and therefore more investment is needed in this direction. The President emphasised Bulgaria's potential in information technologies and innovations because of its specialists, pointing out that in those areas this country can play a proactive and key role in the region. 

 

The EIB's support for the Bulgarian economy grew substantially last year, with the total amount of projects financed in 2021 amounting to nearly EUR 1 billion. The head of State hailed the EIB's fruitful cooperation with the business sector in Bulgaria and highly appreciated the Bank's contribution to promoting entrepreneurship and high-tech and innovation projects. 

 

The EIB President expressed confidence that the successful cooperation with our country will continue, including with projects related to the construction of a green economy. He highlighted the Bank's support to companies in the country affected by the pandemic, and over the past year, it has financed key infrastructure projects that improved the life of people in Bulgaria. 

 

 

In his speech, the president pointed out that Bulgaria highly values its relations with Iraq, which is an important partner in the Middle East region

Taking advantage of their geostrategic position, Bulgaria and Georgia have the potential to deepen their connectivity in various areas such as transport, energy, and the digital sector, which will contribute to promoting the economy, investment, and prosperity in the Black Sea region. This was stated by President Rumen Radev, who held a meeting with the Speaker of the Parliament of Georgia, Shalva Papuashvili.

The two were unanimous that restoring peace in Europe through diplomacy is a priority for the EU and the only way to ensure the long-term security and stability of the Old Continent.

The President recalls that the institution of the Special Commercial Administrator (SCA) was introduced by an Act adopted in 2023, which also established a number of safeguards against potential abuse and arbitrariness — safeguards of the kind already adopted in other European states faced with similar circumstances, with the objective of minimising the risk of subsequent financial claims against the State