Petar T. Ivanov: The Bilateral Relations Between Bulgaria and United States will Improve

On January 11th, 2021 Petar T. Ivanov, CEO, American Chamber of Commerce in Bulgaria had an interview on Bloomberg TV Bulgaria – “The world is business” hosted by Ivaylo Lakov.


According to Ivanov, “The assault of the Capitol was a test of whether American democracy is what it claims to be“.

He believes that the removal of the US President Donald Trump before the end of his mandate is unlikely and the democrats may make such a request, but there will be no time to accept it.

“The main challenge for the new U.S. President Joe Biden will be how to reunite the nation“, Ivanov said.

“The problem with the political system is that it offers what is well received. This usually turns against the politicians themselves and the people who support them. Unfortunately, that is the cancer of the political system.”

Ivanov predicts that within Biden’s mandate, America will return to its original values, to its main allies.

Regarding the role of the European Union on a global scale, the expert expressed the opinion that the bloc should change the model in which it operates to compete with the United States and China, including allocating funds for the specialization of other countries in specific areas.

Petar T. Ivanov believes that Biden is a team player and with the support of his vice president Kamala Harris, he will establish a new approach to governing the country. The CEO of AmCham Bulgaria is optimistic that the bilateral relations between Bulgaria and U.S. will improve.


Watch the full interview here.


The American Chamber of Commerce in Bulgaria expects a strategic dialogue between U.S. and Bulgaria to continue with the new administration of President Biden. Тhe fundamentals were laid in the beginning of 2020 with the launch of a high-level bilateral Strategic Dialogue between the Governments of the United States of America and the Republic of Bulgaria. It followed the official meeting of Prime Minister Borissov with President Donald Trump on November 25th, 2019. As part of the business agenda of this visit AmCham Bulgaria jointly with the U.S. Chamber of Commerce organized a round table with PM Borissov, members of the cabinet and 14 U.S. corporations.

According to AmCham Bulgaria there are several global processes that our country have to focus its efforts at. Restoring the relations between the US and the EU and other allies such as the Three Seas Initiative which Bulgaria will host this year. The other priorities are related with the Energy Diversification, 5G Development, Digitalization of healthcare and reform of the sector and Digitalization in the education sector and media literacy improvement.