Spanish Investments In Bulgaria Reached Nearly 900 M Eur

The possibilities for cooperation between Bulgaria and Spain in the time of world economic crisis and after discussed at a meeting in Madrid the deputy minister of economy and energy Anna Yaneva and the Spanish state secretary on trade Silvia Iranso. Among the discussed topics were the possibilities for increase of the Spanish investments in Bulgaria, the cooperation in the acquisition of EU funds and the construction of infrastructural projects, informed the press center of the Bulgarian ministry.The delegation led by vice-minister Yaneva had a meeting with "Promo Madrid" association which promotes the expansion of companies registered in Madrid. Spanish companies expressed interest in participation in the establishment of a Bulgarian-Spanish trade chamber.The Spanish investments increased significantly in the last ten years. In the end of last year they reached 894 million euro. This claimed vice-minister Yaneva at the opening of a Bulgarian-Spanish investment forum, which was held in Madrid.The bilateral trade between Bulgaria and Spain also marks continued growth and in 2008 it amounts to 800.8 million euro.Bulgaria is a business-favorable place with the 10% corporative tax, the cheaper and well qualified work force, as well as with the low production expenses, stress Yaneva.The Bulgarian-Spanish investment forum was held on the headquarters of the Spanish entrepreneurs confederation with the partnership of the Bulgarian embassy in Spain.