Bulgaria preparing for private investment

Bulgaria’s Economic Minister Bozhidar Lukarski has highlighted Northwest Bulgaria as a prime location for private investment – adding that changes to its PPP laws may be required to boost investment.

 

At a meeting with other Bulgarian politicians, Lukarski said there was a need to overcome the economic backwardness of the region, with one of his main aims for the coming months being to attract new business and investment.

 

The next step in the process would be to identify new vacant land for industrial areas, similar to the nearby municipality of Plovdiv where a private industrial zone has been created and is attracting many private investors.

 

To deliver the plans, the minister also said that the current version of both the Investment Promotion Act and the Public Private Partnership Act would need to be amended, as they did not match the interests for investment. He added that the Economy Ministry was preparing a programme to amend these laws.

 

In November, the Bulgarian government pledged to restart a number of stalled infrastructure schemes.