PM Rumen Radev says government working to improve investment climate

Bulgarian Prime Minister Rumen Radev discussed the outlook for the country's economy, reforms needed to boost competitiveness and the role of new technologies and artificial intelligence at a meeting in Sofia with International Monetary Fund Managing Director Kristalina Georgieva and the fund's mission chief for Bulgaria, Fabian Bornhorst.

Radev said the government was working to improve the business climate and attract high value-added investments to support the modernisation of the economy.

He noted that Bulgaria remains among the European Union countries with the lowest levels of public debt, but warned that this should not lead to complacency. He also emphasised the country's strategic location as a bridge between Europe and Asia, with the potential to develop transport, energy, and digital corridors.

He added that Bulgaria's strong traditions in science and mathematics education should be supported to help train more engineers, IT specialists, and other highly skilled workers.

Editor: Diana Tsankova