International "Infrastructure for Growth" Forum Held in Sofia

Strategic investments in the infrastructure of Bulgaria and the Balkans as a leading factor for economic growth. This is the main topic of the first international forum, organized by the Bulgarian Development Bank. The forum takes place in Sofia on 17^th of April.

Top European financial experts and economists, ministers and bankers discuss the opportunities for financing the infrastructure and economic connectivity in the Balkans.

The forum is a follow-up to the meeting of the European Bank for Development in London, attended by the leaders of all the countries in the region. It discussed the possibility of attracting more support from the financial and public sectors for implementing strategic infrastructure projects and making better use of the Juncker plan.

The main objective of the forum is to initiate a dialogue with European financial institutions and development banks in the region to achieve economic prosperity and stability in the Balkans.

Stoyan Mavrodiev, Chairman of BDB Management Board: In support of the efforts to develop infrastructural economic connectivity, financial institutions are the key factor that will help governments in the region to successfully implement their development strategies by providing funding, by providing guarantees or by private equity. As the European Commission has repeatedly stressed, the European national banks for development will not only be a key element in the implementation of the Juncker Plan, but their role, along with that of the European Investment Bank, can and should be further strengthened, he said.

Emil Karanikolov, Minister of Economy: Infrastructure is the circulatory system of the economy. And sharing risk and combining investment resources increases commitment to success in everyone. We need to boost the connectivity of a country with a country, a business with a business, a person with a person. What hinders all countries of the Balkans is the lack of connectivity between them. Better roads, railway infrastructure, gas and electricity connections. This is key to people's well-being and development in the region, the minister added.

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