NEWS

 

 

At a meeting with the head of State, representatives of the Three Seas Initiative Investment Fund expressed their intentions to build data centres in Bulgaria

 

In recent years, Bulgaria has increasingly established itself as a regional hub for information technology development and has the ambition to further develop this sector. The expansion of the digital infrastructure in this country and the creation of data centres to be used by companies will create new incentives for investors and will qualitatively change the business environment. This is what President Rumen Radev said at a meeting with representatives of the investment consultant of the Three Seas Amber Infrastructure Group Initiative fund and the Estonian company Greenergy Data Centers, working to create energy-efficient data centres powered by green energy. The meeting was also attended by representatives of the Bulgarian Development Bank, which is among the shareholders in the Investment Fund. 

 

The representatives of Amber and Greenergy Data Centers briefed the head of State on the signed letter of intent to build two digital centres in the country with funds from the Three Seas Fund. It is crucial for companies planning to implement investment projects to have reliable, fast and secure access to information in data centres in a given region, they stressed. 

 

Connectivity projects in digitalisation, science, education, technology and innovation have the potential to strengthen connectivity in Central and Eastern Europe, quickly recoup the money invested in them and create new high added value jobs, the head of State said. Rumen Radev added that projects in these areas were a priority, which Bulgaria included in the objectives of the Three Seas Initiative during its hosting of the initiative.

 

The head of State also recalled that it was time for Bulgaria to benefit from the advantages it has in order to attract more and better foreign investors, especially in the field of information technologies. The President highlighted the achievements of Bulgarian fintech companies, the opening of centres for managing the activities of international banks and companies in this country, the recently opened INSAIT Institute for Computer Science, Artificial Intelligence and Technology in Sofia, as well as the increasingly fast-growing field of information technology, which attracts proven experts from all over the world.

 

Statement by Head of State Iliana Iotova

For projects aimed at improving connectivity between Bulgaria and Turkiye must be viewed as a whole, to be successful, and within the context of closer cooperation in Southeastern Europe. This will bolster both economic development and security in the region, whose strategic importance is growing. This was stated by President Iliana Iotova at a meeting with Turkish Foreign Minister Hakan Fidan, who is on a formal visit to Bulgaria.

Albulena Haxhiu expressed her gratitude to President Iotova for Bulgaria’s support on Kosovo’s path toward membership in NATO and the European Union.

Iliana Iotova raised the issue of depopulation in the area along the Bulgarian-Serbian border and highlighted the need for investment to counter the adverse demographic trend.