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Stamen Yanev: IBA is actively working to reduce the administrative burden on foreign investors

June 22, 2015

 

InvestBulgaria Agency (IBA) has focused its efforts on reducing the administrative procedures to enable foreign investors quickly and effectively to realize their projects. That said the Executive Director of IBA Stamen Yanev at the opening of the roundtable discussion on "Investment climate and investment opportunities in Southeast Europe", which took place in the context of the Economic Forum for Southeast Europe, organized by the Bulgarian Economic Forum.

The workshop was attended by representatives of foreign investors in Bulgaria and directors of agencies for promotion of investment in the region, and the debates were moderated by Stamen Yanev, Executive Director of IBA.

Main topics in the debate were the reduction of administrative burden, strengthening the branding of the country as an attractive investment destination and accelerating the regional economic cooperation. Representatives of foreign companies, which are longtime investors in the country, also shared their expectations and common problems.

Reducing the administrative burden, more activity in the advertising of the country together with the foreign investors, the need to reform of the judicial system in the country in order to create quality and independent legal and regulatory authorities to ensure steady growth in foreign investments were among their main remarks.

Focus in the conversations was placed on small and medium enterprises, which need assistance in finding markets and access to finance.

The forum participants agreed that the exchange of information on projects, know-how and experience of the investment agencies from Southeast Europe with investors and their observations and comments would be very effective in the context of a cooperation between all the actors in the process.