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Economy Minister invites Switzerland to invest in Bulgaria new industrial zones

Date: 25.09.2008

Bulgaria's Economy Minister Petar Dimitrov invited Swiss companies to invest in the country's new 100 industrial zones that the Bulgarian government is planning to build with state funds.

Dimitrov is on an official visit to Switzerland. On Tuesday he met with two members of the Swiss Federal Council - Moritz Leuenberger, who is the head of the Federal Department of Environment, Transport, Energy, and Telecommunications, and Doris Leuthard, who is the head of the Federal Department of Economic Affairs.

The Bulgarian Minister announced his idea to construct a joint high tech center in Bulgaria with part of CHF 76 M of Swiss state funds allocated to the country as development aid.

Dimitrov pointed out that the Bulgarian government was trying to develop the high-tech manufacturing and service sectors, which had a high added value.

Doris Leuthard agreed that the idea about a Bulgarian-Swiss high-tech center was a great one but emphasized the importance of a well-functioning judicial system for the Swiss investors.

In order to guarantee the transparent spending of the money of the Swiss taxpayers, Dimitrov suggested that the funds be governed jointly. He added the best opportunities for Swiss investments in Bulgaria were in the energy efficiency, infrastructure construction, and small and medium scale production.

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