Bulgarian President: Europe has historic opportunity to invest in economic progress, political stability in the Balkans

Europe must use the historic opportunity to promote economic progress and political stability in the Balkans, Bulgarian President Rosen Plevneliev told a business forum in Hamburg.

Plevneliev was addressing representatives of the AGA business association, of which more than 3500 German companies are members.

He said that the development of South Eastern Europe was a strategic objective of the EU, and by 2020, close to 50 billion euro would be invested in the region through various European programmess

“The European Union can no longer consider South East Europe as peripheral, but as a centre of European politics and geopolitical interests”, Plevneliev said, according to a statement by his office.

The security of Europe depended on stability in the Balkans, and therefore for the countries of the region it was strategically important to attract more German investments as a factor for sustainable development.

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