When Will Bulgaria Join the Eurozone? Our Readers Have Spoken
A recent survey conducted on our Facebook page has shed light on public sentiments regarding Bulgaria's potential accession to the Eurozone
German investors into the Bulgarian economy are not satisfied with legal security offered by the country, according to a survey of the German-Bulgarian Chamber of Commerce and Industry.
The organization has carried out a survey among 107 member companies, the chamber's head Mitko Vasilev is reported by the Bulgarian News Agency BTA as saying.
The survey whose results were unveiled Thursday shows a staggering 37 percent of entities have said they are "very dissatisfied" by the legal security in Bulgaria, while 39% have answered "rather dissatisfied".
Results place Bulgaria last in terms of legal security among states in Central and Eastern Europe, where a total of 16 chambers explored businesses' attitudes between March 2 and 3.
In fighting corruption and organized crime the country ranks third-worst, after Serbia and Bosnia-Herzegovina, according to respondents, with 43% of them answering either "very dissatisfied" or "rather dissatisfied".
Bulgaria is also the third-worst country in transparency of public procurement (38% "very dissatisfied" and 39% "rather dissatisfied") following Serbia and Slovakia.
Most entrepreneurs, however, are voicing approval of with tax burden, with a third "very satisfied" and 44 percent "satisfied", Vasilev said.
Eighty-eight percent of respondents say they would rather invest into Bulgaria again.
At the same time German investment into the country in the past year is EUR -275 M, though the chamber is ruling out out any en masse withdrawal of capitals from Bulgaria.
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