Bulgaria must open up, and its ministries must have a much more active – if not aggressive – policy to attract investment, President Rumen Radev told reporters here on Tuesday. The head of State is on a visit to Saudi Arabia, where on Tuesday he participated in the official opening of the Future Investment Initiative at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
Radev also joined a panel discussion on the true cost of economic security and met with Saudi Arabia’s Minister of Commerce Majid bin Abdullah Al-Kassabi and Richard Attias, Chairman of the FII Institute Executive Committee.
The Minister of Commerce told Radev that he expects Bulgarian ministers to be much more active and to communicate with their counterparts, because, in his opinion, there was currently no such communication, Radev told reporters. This is an important condition for attracting any investment, and the potential is great, the head of State added.
On Monday, Radev met with Prime Minister Mohammed bin Salman and again invited him to visit Bulgaria. “He will come when we are ready for specific projects, for signing specific agreements. We have not yet signed the agreement on mutual protection of investments, so there is a lot of homework to be done before he comes to Bulgaria,” the President explained.
In Radev’s words, Saudi Arabia is a leading political and economic factor in the Middle East with growing global influence, and is Bulgaria’s key partner in the Persian Gulf region. “We can see how, guided by the Crown Prince’s strategic Vision 2030, the country is undergoing a process of large-scale modernization – in terms of technology, economic diversification, and the opening up of society,” the Bulgarian President added.
He went on to say that there are many areas in which the two countries can cooperate: the traditional economy, trade, investment, defence and the defence industry, education, culture, and pharmacy. There is also great potential in new areas, because Saudi Arabia is establishing itself as a centre for innovation, scientific research, investment, and energy transformation. These are areas in which Bulgaria has the potential to offer knowledge, sustainable solutions, and partnerships. Bulgaria is establishing itself as an innovation hub for the Southeast European region, so its interests and those of Saudi Arabia coincide, the head of State commented.
Tuesday’s forum is an example of how global politics and business can work together, how they can combine tradition with modernity, Radev pointed out. “We must strike a balance between the resources we allocate for everyday life, for today, and what we allocate for the future. We see that when we focus on investing heavily in the future – as in the case of the Green Deal – we may not invest enough in sectors that guarantee our competitiveness in the short and medium term,” Radev added. President Radev in Saudi Arabia: Bulgarian Ministries Should Be Much More Active in Attracting Investment THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-10-28 17:15:44 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
