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PM Stanishev - Bulgaria Government Works to Attract US Investors
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During the Bulgarian-American business forum at the Harvard in Boston Bulgaria's Prime Minister Sergey Stanishev stated his government was working to improve the business environment in the country in order to attract US investors.
Stanishev announced the USA ranked eighth among the foreign investors in Bulgaria with about USD 1,254 B invested in the country in the period 1996-2007.
He pointed out his government could not hope to attract foreign investors with tax cuts only, and that it was taking measures to reduce the bureaucracy because this would make it easier for foreign companies to invest in Bulgaria.
According to the Prime Minister, Bulgaria's membership in the World Trade Organization (since 1996), in NATO (since 2004), and in the EU (since 2007) was a crucial factor for its successful economic and social development. He did stress, however, the importance of the human factor.
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