Minister Prodanov held a meeting with Spanish investors in tourism

The Minister of Tourism Hristo Prodanov had a meeting with Spanish investors and consultants interested in investing on the Bulgarian market. Gonzalo Sivate from the Mediterranian Capital Partners Investment Fund and Alberto Lopez Rodo were deeply impressed by the opportunities for developing SPA and balneological tourism in Bulgaria which were presented by Minister Prodanov.

They confirmed that this corresponds to their analyses, especially when taking into account the fact that SPA tourism is practised all the year round. Based on the presentation, it has become clear that the plan of the investors is to purchase several high-class hotels in Sofia and Plovdiv and also to develop a project for balneological tourism in combination with vines, wine and eco-tourism in the Rose Valley region.

The Spanish investors will open an office in Sofia by the end of the year. The activity will be focused on the study of investment projects in tourism and also in the sphere of real estates in the two countries and the provision of legal and financial advice and consultations.

Minister Prodanov emphasized that tourism is a leading industry for both Spain and Bulgaria. The foreign investors play an important part in compensating for the decline resulting from the coronavirus crisis.