The American University in Bulgaria, in partnership with Bulgarian software company Eastisoft and the American Chamber of Commerce in Bulgaria, is pleased to announce the launch of www.InvestNet.bg – an innovative networking and information exchange platform for promotion of investments and doing business in Bulgaria.

The initiative is funded by the Bulgaria Fund – a grant-making mechanism of USAID and the German Marshall Fund and seeks to provide comprehensive and up-to-date investment information about Bulgaria.

“One of the main contributions of InvestNet.bg is to promote extensively Bulgarian investment advantages and to turn this website into a primary crossing point of the foreign investment community in Bulgaria. It serves as a networking tool for communication, interaction and exchange of information among investors, governmental institutions, sectoral organizations, private companies, and foreign commercial attaches in Bulgaria”, said Dr. Olga Borissova, Project Manager of InvestNet.bg and Director of the Centre for European Programmes of the American University in Bulgaria.

Throughout and following the economic crisis, worldwide investment flows have shrunk compared to previous years and country competition for attracting foreign direct investments is growing. After the time of “easy” investments in real estate is over, concerted efforts have to be applied to improve Bulgaria’s image as an attractive destination for investments and doing business in various sectors of economy.

“In order to facilitate the process of investment and business decision-making we utilize modern Internet technologies which allow foreign investors to quickly and easily find the necessary economic or sectoral information and to receive legal, tax, or any other consultancy through the Targeted Enquiry Service”, Eastisoft CEO Deyan Vassilev added.

The materials, analyses, reports, and surveys published on InvestNet.bg compile the efforts of more than 30 companies – representatives of the world’s leading consultancy, research, marketing, and audit companies, accounting firms, law firms, as well as branch organisations, chambers of commerce and associations. BASSCOM was one of the supporters of InvestNet.bg. The portal allows investors to search for information and obtain relevant investment and business advice. InvestNet.bg provides not only key background information about the country but also focuses on existing opportunities in the different sectors, investment projects that seek financing, as well as opportunities related to European Union post-accession funds and the public procurement market.