Bulgaria Presents Investment Opportunities to Turkish Investors

Bulgaria's government presented the country's investment opportunities to Turkey's Foreign Economic Relations Board on Tuesday.

Low taxes, developed transport infrastructure and favourable geographic location in addition to fiscal stability are among the advantages that attract foreign Investors to Bulgaria, Deputy Prime Minister Tomislav Donchev and Economy Minister Bozhidar Lukarski said at the meeting, according to a news release of the government press office.

The participants in the meeting discussed opportunities for promoting trade links between Bulgaria and Turkey and attracting fresh investments in the context of the lifting of the international sanctions against Iran and China's concept of rebuilding the Silk Road - two points that give particular weight to both Bulgaria and Turkey as key parts of East-West transport corridors, the government in Sofia said. Considering this, the Turkish delegation has expressed interest in projects for improving road and rail infrastructure in Bulgaria, as well as implementation of joint projects.

 The Foreign Economic Relations Board of Turkey at the Economy Ministry is responsible for managing the foreign economic relations of Turkey's private sector in trade, international investment and services, construction activities and logistics; exploring investment opportunities as well as increasing the exports of Turkish businesses.

As of December 2015, the Board comprised 103 founding institutions and 130 business councils, and approximately 1000 member companies which form these councils, as well as 2000 representatives from the member companies.