Bulgaria Aims to Attract More EU-Investors Into its Gambling Business

Business | June 28, 2003, Saturday // 00:00| Views: | Comments: 0
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Bulgaria will revise its gambling legislation to facilitate EU-investors enter the country's gambling business. This was announced Saturday by Snezhana Koleva from the Euro-Integration Department of Bulgaria's Finance Ministry.

In 2005 Bulgaria will repeal the requirement for foreign companies entering the country's gambling business to form an association with a Bulgaria-founded firm. Neither will have foreign investors to buy or rent a four-star hotel and create new five hundred jobs.

The amendments are part of Bulgaria's effort to harmonize its laws with European Union (EU) standards, Koleva explained.
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