Sofia Municipality Mulls Setting Up Business Assistance Agency

Sofia Municipality Mulls Setting Up Business Assistance Agency

The Sofia City Council will consider a proposal to set up a municipal agency to assist local and foreign investors wanting to start a small or medium-sized enterprise in the Bulgarian capital city.

The proposal is to be put to the vote in the city council at a meeting scheduled for January 12, local daily 24 Chassa reported.

City Council vice-chairman Nikolai Stoinev said that the idea was to make things easier for the business by cutting red tape.

"Instead of making the rounds of all the institutions, they will get all the necessary information in one place," Stoinev said, likening the idea to similar business units in Vienna, London and Stuttgart.

If the proposal is accepted, Sofia Mayor Yordanka Fandukova will have two months to come up with a detailed plan.

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