Bulgaria now has a golden opportunity to position itself in new ways in agriculture and food production, and financial and banking stability and the low tax burden on businesses are an additional advantage, which could benefit start-up joint ventures. This was said by President Rosen Plevneliev during a meeting in Rio de Janeiro with Amthal Sheikh Al-Sabah, Special Envoy of Emir of Kuwait. The meeting was held within the second day of the President's participation in the “Rio+20” UN Forum on Sustainable Development.
Among the possibilities for the entry of new Kuwaiti investments in Bulgaria, President Plevneliev pointed out the granting concessions of ports, airports and major infrastructure projects.
The President informed the Special Envoy of Emir of Kuwait that Bulgaria is preparing a new investment law, which would greatly facilitate the procedures for starting businesses.
Investors are looking for predictability and security for their investments and Bulgaria could offer such conditions, Sheikh Amthal Al-Sabah said.
Bulgaria and Kuwait will accelerate the preparation of working visits on a reciprocal basis which will enable on-site assessments of the possibilities for implementation of specific joint projects. Exchanges of visits at the highest level are planned.