Stamen Yanev

Estimates of a brisk fall in the value of foreign direct investment (FDI) into Bulgaria are "not quite correct", Stamen Yanev, who heads the country's investment promotion agency, has said.

The year 2016 was a "successful" year in the view of InvestBulgaria Agency, Yanev has told Bloomberg Tv Bulgaria's morning talkshow in an interview.

The current political situation in the country will not affect Vietnam's investment interest in the country, Bulgarian and Vietnamese officials said on Friday.

Bulgaria is negotiating the opening of an automotive assembly plant on its soil, the investment promotion agency's head has said.

"We are in talks with a major German company [to convince it] to begin assembling cars in Bulgaria," Stamen Yanev, chair of InvestBulgaria Agency, has told daily 24 Chasa in an interview.

In 2015, foreign direct investment (FDI) attracted to Bulgaria amounted to nearly EUR 1.6 B, which represented a 22.5 % increase compared to 2014, with the figures registering a six-year peak.

The Swiss-owned company Palemontech will build a production plant in the Bulgarian town of Montana.

The groundbreaking ceremony will take place in the technology park of Montana located at the exit for the town of Lom on Thursday .

Bulgaria's investment promotion agency is considering a package of measures that will encourage businesses to work on concrete projects, an official has said.

In his words, the agency will put forward "a Bulgarian version of the Juncker plan, along with legislation allowing the creation of private equity funds".

Stamen Yanev, head of the InvestBulgaria Agency, has said that he hopes that the country will attract a substantial Chinese investment.

Speaking Friday ahead of a Chinese-Bulgarian business forum, he noted that a series of meetings and events with Chinese business representatives had helped overcome the skepticism towards the implementation of Chinese investments in Bulgaria.

A US company is considering the option to use land near Sofia Airport to set up a aircraft parts factory there, a Bulgarian official has said.

In the first quarter of 2015 Bulgaria registered a 3.5-fold increase in foreign direct investment, according to Stamen Yanev, Executive Director of the InvestBulgaria Agency (IBA).

In a Tuesday interview for the Bulgarian National Television, Yanev said that in Q1, 2015 FDI stood at EUR 317.3 M, or 0.7% of the GDP, compared to a rate of EUR 89 M in the period January-March 2014.

Stamen Yanev, Executive Director of the InvestBulgaria Agency, has suggested that Pleven anticipates investment amounting to EUR 30 M.

Speaking at a roundtable discussion uniting representatives of regional businesses and the central and local authorities, Yanev noted that it was too early to disclose details about the project.