"Bulgaria has always gladly welcomed honest business practices and German companies that operate in this country have proved that. The Bulgarian government is ready to provide assistance to all investors coming from Germany,” Bulgarian Prime Minister Boyko Borissov said at a meeting with an official delegation of the German Foundation for Family Businesses. The delegation includes nearly 30 representatives of large German family companies working in the sectors of textile industry, agriculture, construction and real estate, corporate investments, production of industrial minerals, electrical engineering, food processing, shipping, chemical industry, etc. The foundation unites 400 large family companies from Germany, with an average turnover of about 1.4 billion euros. Each member company has an average of 6,000 employees. "We see that there is positive development and that this country is going in the right direction," Executive Director of the foundation Stefan Heidbreder said. He pointed out the importance of the high-level delegation, which includes both representatives of companies with an established presence in Bulgaria such as Festo, Quartzwerke and Dr. Oetker, as well as other major German family businesses that show particular interest for investments in this country.
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
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