Economy Minister: 23% Growth of Foreign Investments for Last Year in Bulgaria

Economy Minister: 23% Growth of Foreign Investments for Last Year in Bulgaria

23% growth of foreign investments is registered in Bulgaria over the past year. That is what Economy Minister Bozhidar Luarski told journalists in the town of Veliko Tarnovo, a reporter of Radio FOCUS announced.
In his words, investors were mainly from the EU member states – the Netherlands, Russia, Germany etc., which were traditionally common investors over the last few years.
“All I can say about EU funds is that the significance of the EU funds for the economy is being exaggerated. What Deputy Prime Minister Tomislav Donchev announced by the end of last year was the statistical data that not more than 10% of the GDP was produced by the EU funds. Ultimately, their goal is to boost the economy. Whether this makes us lazy – I don’t think so, because the OP Innovation and Competitiveness 2014-2020, which is under my direction aims at giving a greater competitiveness of SMEs through creating a production base that will lead to increased end product with higher added value,” the Minister of Economy said.

FOCUS News Agency

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