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Bulgaria to Set Up Company for Construction of Its 1st Hi-Tech Park

Monday, May 14, 2012

Bulgaria's government is about to establish a company that will take care of the construction of the country's first hi-tech park, Sofia Tech Park, Bulgarian Economy Minister Delyan Dobrev has announced.

"As far as Sofia Tech Park is concerned, we are yet to provide it with the necessary shape, but we will establish a company next week in order to fulfill it," Dobrev said during the International Investment Conference "Bulgaria: Business Up" in Sofia on Friday.

He explained that the company will be a subsidiary of the National Company Industrial Zones and will receive all its budget from it.

Sofia Tech Park, Bulgaria's first hi-tech park, will be fully completed in 2015, Evgeni Angelov, Advisor to the Bulgarian President on investment and economy matters, told the conference earlier on Friday.

Angelov revealed that the project company will have a budget of BGN 100 M.

The First International Investment Conference "Bulgaria: Business Up" started in the Bulgarian capital Sofia on Friday.

"Bulgaria: Business UP" is a new initiative designed to analyze and promote Bulgaria's advantages as a foreign investment destination.

The goal of the "Bulgaria: Business UP" investment conference is to present to the international business community the highly favorable investment climate in Bulgaria as well as the variety of opportunities for successful and sustainable business that the country has to offer.

"Bulgaria: Business UP" is organized by Novinite.com (Sofia News Agency), the largest Bularian English-language media, and Novinite.bg, a Bulgarian-language news website, together with the InvestBulgaria Agency.

Source: novinite.com