Bulgaria's Govt Bases 2014-2015 Reindustrialization Plan on 8 Pillars

Anna Yaneva, Bulgaria's Deputy Minister of Economy and Energy, has announced that the draft 2014-2015 reindustrialization action plan has been completed.

Speaking Friday at a conference in Plovdiv on industrialization and sustainable development organized by the Bulgarian Business Leaders Forum, Yaneva explained that the draft action plan included eight pillars of the industrial policy which were aimed at improving the functioning of the industrial enterprises.

The eight pillars included human capital and skills, access to funding, innovations and scientific and research activity in industrial enterprises, business environment, entrepreneurship, internationalization, investments and energy, according to the press office of the Ministry of Economy and Energy.

Yaneva specified that the reindustrialization action plan was still being amended and supplemented on the basis of recommendations and opinions of national administrative entities, professional organizations and trade unions.

Bulgaria's Deputy Minister of Economy and Energy announced that up to BGN 20 M from the 2014 state budget had been earmarked for innovations programs.

She said that the National Innovations Fund had already received BGN 10 M in January, with around BGN 6 M earmarked for new projects of Bulgarian companies and BGN 2 M for contracts already signed.

"The crisis paved the way for rethinking the role of industry and its importance for economic growth, investments, exports, employment, and the well-being of the population. This is why Europe is setting increasingly clear guidelines for the development of European industry related to strengthening the conditions for sustainable post-crisis economic growth through...