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Foreign Investments in Bulgaria Down by 8% since Global Crisis Beginning
Business | October 20, 2008, Monday // 00:00
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The foreign investments in Bulgaria have gone down by 7% to 8% since the beginning of the global financial crisis, according to Georgi Ganev, Director of the Center for Liberal Strategies.
Ganev spoke before Darik radio on Monday.
The total amount of foreign investments in Bulgaria for the first eight months of 2008 is about EUR 1 B less when compared to the same period of 2007, Ganev explained, adding that data was preliminary, and is announced before the 2008 actualization, while the numbers always go up significantly after such actualization. The 2007 data has been actualized, meaning that the difference would be lesser at the end, according to Ganev.
"I would not be surprised if the final difference would end up being in the vicinity of EUR 0,5 B on a EUR 6 B basis, or 7% to 8% - this is a serious amount, but not too drastic," Ganev concluded.
Ganev spoke before Darik radio on Monday.
The total amount of foreign investments in Bulgaria for the first eight months of 2008 is about EUR 1 B less when compared to the same period of 2007, Ganev explained, adding that data was preliminary, and is announced before the 2008 actualization, while the numbers always go up significantly after such actualization. The 2007 data has been actualized, meaning that the difference would be lesser at the end, according to Ganev.
"I would not be surprised if the final difference would end up being in the vicinity of EUR 0,5 B on a EUR 6 B basis, or 7% to 8% - this is a serious amount, but not too drastic," Ganev concluded.
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