4 December 2025 | 16:04
The meeting was held at the initiative of Denmark's ambassador to Bulgaria Flemming Stender within the framework of the Danish Presidency of the Council of the EU
NEWS
President: Energy Diversification in Bulgaria Enhances Security of Energy Resources Transmission and Predictability in Business Environment
2023-02-17 19:04:00Energy diversification in Bulgaria increases security of access to energy resources and predictability in the business environment, President Rumen Radev said at a meeting today in Munich with representatives of an Austrian company specialising in the production of components for the automotive industry, which plans to open its production capacity in Bulgaria. Deputy Prime Minister for EU funds management, Atanas Pekanov, also took part in the meeting.
The head of State stressed that the agreements signed by the caretaker government with Greece and Turkiye for the launch of new energy projects, as well as for access to their liquefied natural gas terminals and gas transmission networks, create favourable conditions for ensuring relatively low natural gas prices. Together with measures to stimulate business in a crisis environment, companies are successfully managing the challenges they face.
Bulgaria's automotive sector has grown significantly over the past years; it employs tens of thousands of highly skilled workers and accounts for a significant share of the country's gross domestic product, the head of State further said at the meeting. Rumen Radev also reminded that the accumulated engineering experience in the sector over the past decade is bearing fruit and the share of high value-added products is growing, part of which is due to the automotive software created in Bulgaria and the growth of high-tech industries.
The development of the industrial zones in Bulgaria and the EU's policy to support industrial production in Europe also favour business, Deputy Prime Minister Atanas Pekanov said at the meeting.
MORE FROM NEWS
28 November 2025 | 15:03
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
24 November 2025 | 19:07
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.
13 November 2025 | 14:02
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.