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IBA supports the First International Industrial Property Conference

October 16, 2018

Madjide Ahmedova, Deputy Executive Director of the Bulgarian Investment Agency, took part in the First International Conference on Industrial Property, held in Sofia. In the framework of the forum "Industrial Property Market through the View of the State Structures, Investors, Analysts and Insurers", Mrs. Ahmedova presented a presentation of the agency containing updated information for the Logistics sector. Deputy Executive Director also presented the attractive tax system of Bulgaria, the low costs of doing business with our neighboring countries along with the investment climate and the provided   advantages to promote investment and state mechanisms for their implementation were also explained.

In 2018, in the field of industrial construction - construction of storage areas, 12 certificates out of a total of 17 were issued for the period, the total investment of the projects reaching BGN 686 million and planned employment : 1052 new jobs. Accordingly, the indicators of the industrial property market are also encouraging. They have seen a positive trend in recent years. For example, annual growth in industrial building permits issued in 2017 is 15.9%, and in the first half of 2018 there is a 26% increase in the number of permits.

Most industrial building permits in the first half of 2018 were issued in Plovdiv (146), Stara Zagora (121), Blagoevgrad (95), Varna (84), Sofia (67). - Minister of Economy Lachezar Borisov stated, at the opening of the first international industrial property conference in Sofia.