President Radev: Businesses Must Help Bulgaria Overcome Social & Demographic Issues

The business should have a key role in overcoming the social crisis, President Rumen Radev called at a ceremony honouring the finalists of the 2019 Manager of the Year competition. The Head of State announced the winner of the 12th edition of the Race for Successful Business Leaders, organized by the Manager magazine. The President presented the crystal statuette to Svetla Nestorova, CEO, Chairman of the Board of Directors of 3EAD “Bulstrad Life Vienna Insurance Group”.

According to the Head of State, the development of the human factor is of key importance for the fourth industrial revolution and Bulgaria needs an economic environment with high standards and achievements and an example that more and more people and institutions comply with. The President highlighted the contribution of companies that invest in the capital of the Bulgarian nation and create opportunities and perspectives for young people.

Rumen Radev reminded that Bulgaria has limited natural, human, financial and economic resources, but at the same time has huge demographic and social problems. The Head of State cited the development of a strong economy and high, sustainable and catching up growth compared to other EU countries as the most effective way of solving them.

“It is necessary to maximize the use of human and material resources, to develop high technologies, production with high added value, high quality of products and services, innovation and competitiveness,” said Rumen Radev. According to him, achieving these ambitious goals requires individuals who know how to manage complex processes in a dynamic environment, quickly turn information into knowledge, and knowledge into wisdom and look to the future.

The awards ceremony took place on Monday night on the stage of the Sofia Oper

Read More

Business Conditions In Bulgaria ‘Very Good’

The business climate in Bulgaria is at a very good level. This was commented in Ruse by the deputy chairman of the Confederation of Employers and Industrialists...

Bulgaria’s Sunny Beach Named Cheapest Summer Resort In Europe

The Bulgarian Black Sea resort of Sunny Beach has been ranked as the best value-for-money summer holiday destination in Europe for the...

United Group Seeks Approval From EU To Buy BTC

 The European Commission said that Dutch-based telecommunications and media company United Group, owned by UK private equity firm BC Partners, is seeking its anti-trust approval...


Bulgaria’s Tourism Minister: Legislation Being Discussed to Aid Tourism Business, Hard-Hit by COVID-19

For all trips to Italy, France, Spain, Germany and Romania, refunds may be requested, Bulgaria’s Tourism Minister Nikolina Angelkova said on March...

Karnobat Rail Station To Receive 4 Million BGN Renovation

The railway station in Karnobat will be generally renovated with over BGN 4 million of the EU funds. "The railway...

Online Commerce Is The Profitable Business Of The Pandemic

One of the sectors that definitely benefit from the conditions of a pandemic is the internet sales of goods and services. Online trade...