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Bulgaria's Foreign Investments Drop by EUR 1,173 B in January-August 2008
Business | October 22, 2008, Wednesday // 00:00
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Bulgaria's Economy Minister Dimitrov (middle) explained the country had fewer foreign investments because of the global financial crisis. Photo by Yuliana Nikolova (Sofia Photo Agency)
The foreign direct investments in Bulgaria decreased by EUR 1,17 B in the first eight months of 2008 compared to the same period of 2007.
The news were announced by Bulgaria's Economy Minister Petar Dimitrov during an investment forum in Sofia on Wednesday.
According to the preliminary data, Bulgaria's foreign direct investments amounted to EUR 2,980 B in January-August, 2008, or 8,8% of the GDP, compared to EUR 4,154 B or 14,4 of the GDP in the same period of 2007.
Dimitrov pointed out that the global financial crisis was affecting the investors' interests towards Bulgaria, and added the government was set on solving the problem to the best of its ability.
The news were announced by Bulgaria's Economy Minister Petar Dimitrov during an investment forum in Sofia on Wednesday.
According to the preliminary data, Bulgaria's foreign direct investments amounted to EUR 2,980 B in January-August, 2008, or 8,8% of the GDP, compared to EUR 4,154 B or 14,4 of the GDP in the same period of 2007.
Dimitrov pointed out that the global financial crisis was affecting the investors' interests towards Bulgaria, and added the government was set on solving the problem to the best of its ability.
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