Bulgarian president calls for enhanced incentives for foreign investorsSouce:Xinhua Publish By Jane B. Hatcher Updated 19/12/2012 6:01 am in Business / no comments
SOFIA, Dec. 18 — Bulgarian President Rosen Plevneliev on Tuesday said the country should provide more incentives to attract foreign investor and called for national coordination in innovations.
Addressing the Eighth National Innovation Forum, Plevneliev said additional and obvious incentives for foreign investors, including visa facilitation, were needed.
The threshold for stimulation of foreign investment should be “regionally balanced” and lower for the those economically less developed regions of the country, Plevneliev said, adding that the state should remove the barriers to starting a new business and development of innovative ideas.
Bulgaria should invest more in education, and develop training programs covering the needs of the real economy and supporting entrepreneurship, according to Plevneliev.
He also said that Bulgaria should create a mechanism for coordinating the collaboration in innovation.
The President thanked the Chinese Ambassador to Bulgaria Guo Yezhou, who attended the event. Bulgaria has collaborated on many projects with Chinese companies, Plevneliev said.
Last Tuesday, Chinese BYD Company, a worldwide leader in electric cars, buses, batteries and LED lighting, signed a joint-venture agreement to build an auto assembly plant in the Balkan country.