Forum for Competitive and Prosperous Bulgarian Economy brings together business and government representatives, under the auspices of the President of Bulgaria

“Achieving a high and sustainable economic growth is only possible in high added-value industries where science and innovation are leading. This will also help achieve our country’s goals for high income, high living standards, eradication of poverty and inequalities, quality infrastructure, education, health care.” With these words, the President of the Republic of Bulgaria Rumen Radev opened the round table discussion “For Competitive and Prosperous Bulgarian Economy”, organized by the Bulgarian Chamber of Commerce and Industry (BCCI), the Bulgarian Industrial Capital Association (BICA) and the Bulgarian Industrial Association (BIA) under his auspices. The forum brought together representatives of the national employers’ organizations, the government and economic analysts.

In his speech, President Rumen Radev pointed out that our economy is faced with a number of serious challenges - both internally and especially globally, so structural changes and strategic decisions are needed. According to the Head of State, the most important thing in creating a strong and competitive Bulgarian economy is the open and timely dialogue between all the stakeholders in this process - the state, the business, education and science.

The President of BCCI Tsvetan Simeonov presented a report on measures to encourage investment and opening of quality jobs, as well as fiscal measures for growth promotion. He emphasized Bulgaria’s place in various international rankings and classifications. Despite the fact that there has been some decline in the country’s position in the World Bank’s Doing Business Report for 2019, Simeonov reported improvement in the fiscal health of the country according to the Index of Economic Freedom, as well as improvements in government spending and labour freedom.


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