The entry of Bulgaria into the Eurozone is fostering better prospects for Greek investments in the country, alongside increasing Bulgarian interest in investing in Greece, according to recent statements during an official mission.
The recent visit to Sofia by a delegation from Greece, led by the Deputy Minister of Macedonia and Thrace, Kostas Gkioulekas, highlighted the promising environment for Greek investments in Bulgaria following the latter's accession to the Eurozone. This economic integration is expected to enhance bilateral investment opportunities, with statistics showing that there are currently around 18,000 Greek companies operating in Bulgaria, 70% of which are based in the Blagoevgrad region near the Greek border. The total investment value from Greece is reported to be approximately 4.4 billion euros.
During the discussions, the Greek Ambassador to Sofia, Marios Lyberopoulos, noted that while there are significant Greek investments in Bulgaria, there is also a growing interest from Bulgarian investors looking at opportunities in Greece. The bilateral trade volume exceeds 6 billion euros, indicating a robust economic relationship between the two neighboring countries. This context suggests a mutual benefit in enhancing economic ties and addressing any barriers that may inhibit investment.
The Greek delegation's mission aims not only to reinforce existing partnerships but also to explore new avenues for collaboration in the region. This is particularly significant as both countries navigate broader economic changes in Europe. Strategic investments facilitated by this mission could potentially stimulate growth, job creation, and increased economic cooperation, setting a precedent for future bilateral relations in the Balkans.
