site.btaBurgas Free University Rector: Effect of Bulgaria's Accession to OECD Expected to Be More Significant Than Membership in NATO
The effect of Bulgaria's accession to the Organization for Economic Co-operation and Development (OECD) is expected to be comparable, and even more significant, than the one the country achieved after its membership in NATO, said Burgas Free University Rector Prof. Milen Baltov, during a conference in Burgas Thursday. The conference looks at how Bulgaria’s future OECD membership will work for the success of young people. The focus of the discussion is on innovation in education and youth entrepreneurship.
"In 2004, after NATO accession, a real investment boom occurred in Bulgaria, as English, Dutch, Swedish, and later Russian investors massively bought properties and started projects in the country. This was the effect of it being perceived as a secure and predictable partner," Baltov recalled, pointing out that accession to the OECD will have a similar, and probably even greater, effect, as it will encourage new investments and will lead to the implementation of additional projects by large companies.
The rector said that the working group under the Finance Ministry for the preparation of Bulgaria's membership was established in 2021 and there is already visible progress, noting the current priorities of the organization are related to science and innovation, the transition to zero emissions and green technologies, gender equality and global supply chains. "The OECD is increasingly becoming an influential organization that sets the direction not only in economic policy, but also in the areas of knowledge and education," he added.
The forum in Burgas provided a platform for exchanging ideas among representatives of state institutions, academia, businesses, and the NGO sector on topics related to quality education, digital transformation, and youth entrepreneurship.
/RD/
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