NCIZ

Antoaneta Bares, CEO of National Company Industrial Zones (NCIZ) presented the advantages of the industrial zones, operated by the company and the opportunities they provide to the German Committee on Eastern European Economic Relations. The organization has 65 years of history and represents the interests of more than 200 German companies in 21 countries in Eastern Europe.

During a meeting with the Committee's Executive Director Michael Harms, Antoaneta Bares pointed out that Economic Zone Sofia-Bozhurishte has already attracted several large German investments. The Zone is one of the company's most rapidly evolving projects. A clear indication as to the potential it has and the opportunities it provides is the fact that one of these investors has now announced its plans to double the initial investment made. Investors in the zones operated by NCIZ benefit from various incentives under the Investment Promotion Act. They have access to infrastructure, full support at every stage of their investment, including at institutional level and, last but not least, a strategic location that provides quick access to major transport corridors.

Michael Harms pointed out that the German business puts great interest in the Eastern European countries, especially in Bulgaria. He stressed that the availability of modern infrastructure is a determining factor, even with a greater weight than the offered tax reliefs, for investors to implement their projects in our country. At this stage, there's also particular interest of a large German company to locate its business in Bulgaria. The Committee is due to provide more information on the investor's specific requirements and the parameters of the investment project, which would allow NCIZ to assist them in finding the most suitable location for its implementation.

The two Executive Directors also agreed on further promoting the opportunities in the industrial zones, operated by NCIZ among the Committe members. To this end, specialized publications will be organized in the next issue of the organization's newsletter. In addition, a dedicated presentation of NCIZ will be featured at the upcoming conference "10 years of Bulgaria in the EU", which will take place in Berlin in November.

The meeting between Antoaneta Bares and Michael Harms is a natural continuation of the talks of the Committee's Executive Director with the Minister of Economy Emil Karanikolov and Deputy Minister Alexander Manolev in the beginning of September. The current state of billateral trade was praised by both parties as it reached record heights of 6,637 billion euros in 2016. Expectations are figures will go even higher in 2017. Discussions focused on the prospects for future investments and the interest shown by German companies in the sphere of transport infrastructure, machine building, production of automotive parts and components, high technologies, food and beverage industry, etc.

The Executive Director of NCIZ is on a visit in Berlin as part of a Bulgarian delegation, organized by the German-Bulgarian Chamber of Industry and Commerce.

The companies operate in light industry, machine-building and robotics

"National Company Industrial Zones" (NCIZ) presented the opportunities for investments in the industrial zones from its portfolio to more than 300 Turkish businessmen within a large forum organized by the Bulgarian-Turkish Chamber of Commerce and Industry and the Commercial Section of the Embassy of the Republic of Turkey in Bulgaria. The event "Opportunities for Trading and Investment in Bulgaria" took place during the biggest Bulgarian exhibition - Plovdiv International Technical Fair. 


Companies from the light and heavy industry sectors showed interest in the zones in Sofia-Bozhurishte, Burgas, Ruse and Svilengrad. Specific inquiries from the Turkish business were also made for the zone in Vidin. Economic zone Svilengrad appeared to be of great interest to companies operating in road infrastructure and foreign trade activities. The proximity of the zone to the Turkish border makes it attractive for those looking for quick logistical links. Turkish companies from the arms production, light industry and mechanical engineering sectors made inquiries about the opportunities for buying or renting land in Industrial and Logistic Park - Burgas.

High-tech and light industry companies from Turkey have shown interest in positioning their productions in Sofia-Bozhurishte Economic Zone. One inquiry has been made by a large robotics company and a current partner of one of the world's leading manufacturers of white goods. The zone in Bozurishte offers access to a number of specialized secondary and higher education institutions that can provide highly qualified staff. The company has already been assisted by NCIZ in establishing initial contact with the National School of Robotics during the forum. The aim is for the company to obtain preliminary information as to the available specialists.

Turkish companies appreciate the advantages of our country as an investment location and a trading partner. Particular attention is paid to Bulgaria as a gateway for Turkish investors and businesses to the single European market. This potential is reflected in an increasing number of Turkish companies lookng to locate their production operations in Bulgaria as well as identify long-term trading partners.