Bulgaria would like Japanese businesses to have a more significant presence in the country, Foreign Minister Ivailo Kalfin told Tadashi Okamura, Toshiba Corporation chief executive officer and president.

Kalfin presented Okamura Bulgaria’s investment climate and economic situation and their advantages after Bulgaria’s EU accession, Foreign Ministry press release said.

“Now is the time for Japanese business and investments to come to Bulgaria, as we are already part of the big European market,” Kalfin said.

Bulgaria’s Foreign Minister emphasised the monetary fund, which operated in the county for the past 10 years, the low unemployment rate, the high economic growth and low taxes.

Energetic, transport and high technologies were among the most attractive Bulgarian economy sectors for investors, according to Kalfin. Bulgaria has highly qualified and motivated workers in these sectors.

Okamura and Kalfin agreed that small and middle-size enterprises were the future of investments. Japanese companies did not have enough information on new opportunities for investment and business in Bulgaria, both agreed.