Prime Minister Jeliazkov: Bulgaria is a stable and predictable economic partner in the region, with good prospects for future development

Prime Minister Jeliazkov: Bulgaria is a stable and predictable economic partner in the region, with good prospects for future development

05.11.2025

Bulgaria is a stable, predictable and reliable economic partner in the region, with strong trade relations and good prospects for future development and cooperation. Our recent accession to the Schengen area and the upcoming admission into the Eurozone in two months and less strengthen Bulgaria's economic stability, financial predictability and connectivity in Europe. This was stated by Prime Minister Rossen Jeliazkov at his meeting with the Chief Executive Officer of Sensata Technologies Stephan von Schuckmann. They discussed the fruitful cooperation to date, the partnership between the two countries in the field of innovation, alleviation of regulatory and bureaucratic burden, encouragement for investors to stay and attraction of new investors, and potential expansions of existing production facilities in Bulgaria.

"The Bulgarian government implements a set of policies and measures to strengthen the competitiveness of the national economy," Rossen Jeliazkov pointed out and added that among them are: the improvement of the business climate by administrative reforms that seek alleviation of the bureaucratic burden, deregulation and promotion of digitalization in the public sector. The government's policies are focused on the creation of an environment that is friendly to high-tech and innovative industries, including the automotive industry. "Bulgaria invests in infrastructure, education, vocational training and research in technologies to train skilled manpower. All these efforts are in line with European policies of green and digital transformation and seek sustainable economic growth and stronger desire on the part of foreign investment to come to Bulgaria," the Prime Minister stressed.

Rossen Jeliazkov emphasized that Bulgaria has an interest in investment in high-tech industries and services with medium and high added value. Among the priority sectors are the automotive industry, electronics, ITs and outsourcing, robotics and mechatronics. The automotive sector in Bulgaria is one of the highly promising and dynamically developing industries in the country. The sector demonstrates steady growth, despite the challenging global economic setting, Rossen Jeliazkov and Stephan von Schuckmann noted.

They agreed that bilateral investment between Bulgaria and the United States develops successfully, however, there is untapped potential that should be considered in depth as this will strengthen and expand the strategic relations between the two countries.

The meeting was attended by Tomislav Donchev, Deputy Prime Minister and Minister of Innovation and Growth; and by Peter Dilov, Minister of Economy and Industry.