Follow-up from the Joint Nearshoring Conference, July 30th

As a follow-up from the “Bulgaria as a New Top Nearshoring Destination”, July 30th, 2020, all bilateral chambers that take part in the project sent an official letter to the Ministry of Economy and the Invest Bulgaria Agency. The event gathered 200 participants – representatives of the chambers, members, media.

The letter expresses gratitude of the joint efforts that both parties have invested to structure the event and to build momentum. “It is hardly possible even at European level to find such example of inter-institutional cooperation uniting so many partners from state administration and the business in one direction.”


The chambers have outlined some priorities that should be considered as part of the common strategy and approach in order to develop the process in the next stage:

  • The need of continuous building and supporting of the reputation of Bulgaria as an investment destination and nearshoring one, including building them on new successful examples.
  • The need to guarantee the rule of law, including the legal rights of business, both in foreign and domestic investments.
  • The need of more complete and detailed information on the macroeconomic and economic indicators of Bulgaria.
  • The need of joint work in contacting the companies, which express interest in investing in Bulgaria, given the complexity of structuring work processes, subject to nearshoring, as well as preparation and transfer to nearshoring in general, according to European and other requirements.
  • Cooperation in the development of the relations between the industry and business with the educational institutions from the secondary and higher education, recruitment of personnel with various qualification to the Bulgarian economy.
  • All other sectors connected with the creation of successful examples for investments in Bulgaria which speak for themselves and contribute to building the image of the country as an investment destination.
  • The need for a framework and unification of the rules for opening bank accounts for foreigners.
  • The possibility of establishing an Advisory Council with the participation of the Chambers of Commerce, the Government and / or the Ministry of Economy to support the activities in the priority areas described above.

Thank you letter from the Invest Bulgaria Agency.