On the 25.04.2014 the Council of Ministers’ Decree № 85 from the 17.04.2014 regarding the amendment of the Investment Promotion Act’s Implementing Regulations (“The Decree”) was promulgated in the State Gazzette. The changes entered into force on the promulgation date.
The most noticeable amendments affected the necessary minimal investment amounts for a project in order the one to be considered as a national or regional priority investment project. Thus, different industry sectors in Bulgaria were affected.
Some of these sectors are manufacturing of medical products, optic and electronic products, computer and communication technology etc. From now on, in order for such projects to receive a national or regional priority status the necessary investment is BGN 30 mln. In comparison, prior to the amendments former amount of required investment was BGN 50 mln.The minimal investment amounts for obtaining a priority status for investment projects regarding the establishment of an industrial zone and a technology park were also changed. The amount of an industrial zone minimal investment was amended from BGN 50 mln. to BGN 15 mln. and the minimal investment for the establishment of a technology park was amended from BGN 30 mln. to BGN 15 mln.