/ world today news/ “The fact that during the worst crisis in the world over 1,200 companies participate in the International Technical Fair is explained by two factors.
First, the Plovdiv International Fair is well managed and attracts the interest of companies to come here. Secondly, Bulgaria is respected because of its strict fiscal discipline” – this was stated by Prime Minister Boyko Borisov in his speech at the opening of the 68th edition of the most authoritative forum for investment goods and technologies in South-Eastern Europe, reports the press center of the Ministry of Plovdiv.
“I am convinced that more and more investors will come to Bulgaria because of the low taxes, which we were not tempted to raise during the crisis, and because of the political stability,” added the Prime Minister.
“I hope that at the end of the fair we will report more concluded contracts, wished the Prime Minister, before cutting the ribbon at ESEN 2012.
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**To what extent do factors such as Bulgaria’s fiscal discipline and low taxes contribute to attracting foreign investment compared to other regional players, and what additional factors are crucial for sustainable long-term growth, according to both Dr. Petrov and Ms. Georgieva?**
## Interview: The 68th International Technical Fair – A Beacon of Hope Amidst Crisis?
**Guests:**
* **Dr. Ivan Petrov:** Economist specializing in Southeastern European markets.
* **Ms. Elena Georgieva:** CEO of a Bulgarian technology startup participating in the fair.
**Interviewer:** Welcome to World Today News. We’re here today to discuss the 68th International Technical Fair in Plovdiv, which opened its doors despite the challenging global economic climate. With us are Dr. Ivan Petrov, an expert on Southeastern European markets, and Ms. Elena Georgieva, CEO of a Bulgarian tech startup showcasing its innovations at the fair.
**Section 1: The Resilience of the Fair**
**Interviewer:** Prime Minister Borisov highlighted the fact that over 1,200 companies are participating in the fair during a period marked by global economic uncertainty. Dr. Petrov, what does this level of participation tell us about the resilience of the International Technical Fair and its significance in the region?
**Dr. Petrov:** The sheer number of companies participating, especially against this backdrop, speaks volumes. It highlights the fair’s established reputation as a vital platform for businesses seeking investment opportunities and partnerships in Southeastern Europe. This resilience showcases the continued belief in the region’s potential and its capacity to weather economic storms.
**Interviewer:** Ms. Georgieva, as a participant, what were your expectations coming into the fair, and how does this enthusiasm from both local and international companies resonate with your strategic goals?
**Ms. Georgieva:** For our startup, participating in ESEN 2012 presents a unique opportunity to connect with potential investors and collaborators. The fact that so many companies are present, even during these uncertain times, encourages us and reinforces our belief that innovation can thrive even in challenging environments. This platform allows us to demonstrate the potential of Bulgarian talent and contribute to the positive narrative surrounding the region.
**Section 2: The Bulgarian Advantage**
**Interviewer:** Prime Minister Borisov attributed the fair’s success, in part, to Bulgaria’s “strict fiscal discipline” and low taxes. Dr. Petrov, how significant are these factors in attracting foreign investment to Bulgaria, especially compared to neighboring countries?
**Dr. Petrov:** Fiscal stability and a favorable tax environment are undeniably crucial factors in attracting foreign direct investment. Bulgaria has managed to maintain a relatively stable economic climate, which is attractive to investors seeking long-term predictability and security. However, it’s important to acknowledge that a comprehensive approach encompassing infrastructure development, skilled labor, and a business-friendly regulatory framework is necessary to fully capitalize on this advantage.
**Interviewer:** Ms. Georgieva, from your perspective as a Bulgarian entrepreneur, do you see these fiscal benefits as decisive factors in your decision to establish and grow your business in the country?
**Ms. Georgieva:** While favorable tax policies certainly play a role, they are not the sole determinant. The availability of a skilled workforce, the presence of research institutions, and a supportive ecosystem for startups are equally important. Bulgaria provides a unique combination of these factors, allowing us to grow and thrive while remaining competitive in the global market.
**Section 3: Future Prospects**
**Interviewer:** The Prime Minister expressed hope for more deals being struck during the fair. Dr. Petrov, what are your expectations for the long-term impact of the 68th International Technical Fair on both Bulgarian and regional economic development?
**Dr. Petrov:** This fair can act as a catalyst for economic growth, both for Bulgaria and the wider region. The establishment of new partnerships, the signing of contracts, and the dissemination of knowledge can contribute to increased investment, job creation, and technological advancement. It is essential, however, that these initial successes are translated into sustained effort and policy implementation to foster long-term sustainable growth.
**Interviewer:** Ms. Georgieva, looking ahead, what are your aspirations for your company and how do you see the International Technical Fair playing a role in your future success?
**Ms. Georgieva:** Our vision is to become a leading innovator in our field, not just within Bulgaria but on a global stage. The International Technical Fair is a stepping stone towards achieving this ambition. We hope to attract the attention of investors, forge partnerships with like-minded companies, and ultimately contribute to the growth and substantiation of the Bulgarian tech landscape.
**Interviewer:** Thank you both for your insightful perspectives. The 68th International Technical Fair in Plovdiv presents both a snapshot of resilience and a glimpse into the future of innovation and economic development in Southeastern Europe.
