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Sofia Investment and Privatization Agency Presents New Investment Projects in Sofia to Economic Counselors, Trade Attaches and Chambers of Commerce

meeting-trade attaches-economic counselors-chambers of commerce

meeting-trade attaches-economic counselors-chambers of commerceInvestment projects related to several mineral water springs and a project in Chepinci, 8 km from the city centre were presented by the Sofia Investment and Privatization Agency at its first annual meeting with economic counselors, foreign trade attaches and bilateral chambers of commerce in Sofia on March 10.

The amount of FDI to Bulagria for the period 2000-2015 is 23.196 billion euro. Over 50 % of that amount, or 12.112 billion euro, were invested in Sofia. The investment came from 77 countries.

The CEO of Invest Sofia, Vladimir Danailov, presented Sofia’s priority industries such as high-value added manufacturing, smart city, urban environment, health tech and tourism.

The investment projects presented at the meeting included a renovation project for West and North Parks in Sofia and the future Slivnitsa Plaza, a fifty thousand square meter development in the city centre.

Sofia Privatization and Investment Agency also called for increased collaboration between the Agency and the representatives of foreign countries in organizing bilateral meetings and business delegations. Invest Sofia is looking for partner cities and countries for the B2B meetings of local business owners with partners from abroad. Our goal is to give local SME’s access to international markets, said Danailov.

He also presented the new Director of Privatization Dr. Verginia Stoyanova and the annual privatization plan which includes over 200 plots, forty of which are eligible for Investor Class C Investment Certificate, awarded to investment projects of regional significance.

The deputy mayors Doncho Barbalov and Evgeni Krusev participated in the meeting. Mr Barbalov highlighted Sofia’s competitive advantages: stable local taxes, developed infrastructure and young and educated work force. Sofia Municipality is ready to work with investors to assure faster completion of the administrative requirements for the business, said Barbalov.

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