Bulgaria will be an active participant in the debates on the future of Europe, said in front of journalists Deputy Prime Minister for European Funds Malina Kroumova, after launching the initiative “Sofia Innovation Camp” at the “Lozenets” residence.
According to the Deputy Prime Minister, the multiannual financial framework until 2020 has already been approved and it cannot be claimed that there will be freezing of funds due to the discussions about multi-speed Europe. “The debate that is being currently held is extremely important for the future of Europe, it is important for the development of Bulgaria, as well,” noted Kroumova. The Deputy Prime Minister added that this is a good opportunities for us as well to define the Bulgarian vision for the development of the country in the next 20-30 or 50 years.
If Bulgaria does not participate in the debate, given scenarios about multi-speed Europe, we face the risk of remaining in the periphery, said the Deputy Prime Minister and underlined that this is only a hypothesis. “Everything depends on us – on the citizens and the institutions of Bulgaria. Even within a scenario for a multi-speed Europe, we can be an active participant in the processes of cooperation deepening in Europe,” pointed out the Deputy Prime Minister. Within the context of the “Sofia Innovation Camp”, Malina Kroumova said that the creation of a favorable business environment is a key priority for our country and a precondition for the development of sustainable economic growth. According to her, in recent years Bulgaria has turned into a trustworthy and reliable innovator and a high-tech hub for innovation in South East Europe.
Bulgaria is one of the countries with the lowest taxes, production expenditure, and expenses for starting a new business in Europe, a good return on capital and an accelerated growth of export in comparison to the world one. Thanks to the Structural and Cohesion funds of the preceding programming period 35% higher levels of investment in companies have been realized, as well as 20% increase in production and 11% in income, and 4% bigger profit for the companies, said Kroumova. According to her, there are quite a few other challenges that our country needs to overcome so as to create a competitive entrepreneurial environment. These include the low production and innovation rate of companies, the high energy consumption of the production process, the lack of qualified labor force, and the absence of floating capital, pointed out the Deputy Prime Minister for European Funds.