Bulgaria Tourism and Real Estate Primary Investors' Targets - Report
According to the preliminary report of the IBA, the foreign direct investments in January-November 2007 reached about EUR 5,05 billion which is a 20% increase from the same period in 2006. This figure is 17,7% of the country's GDP.
The IBA stated that the improvements of the business climate in the country were related primarily to the reduction of the earnings tax, which is now down to 10%, and of the social security tax.
The largest foreign investors in Bulgaria in 2007 are reported to be the UK, Austria, Greece, Belgium, Spain, Cyprus, and Luxembourg.
The IBA report says, however, that the fact that about 60% of the foreign investments had been directed to tourism and real estate business was an expression of an upsetting imbalance. It stressed that the government needed to step up its efforts to attract more investors in the manufacturing sector in contrast to the popular commerce and services sectors, which provide fastest returns.
The priority sectors for the Bulgarian government in 2008 are said to be banking, software development, industry, renewable energy sources, health care, and education.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » The Lack of Firewood Imports from Bulgaria led to a Sharp Rise in Prices in Greece
- » "Politico": No Sanctions against Russian Nuclear Energy - Because of Bulgaria
- » Is It A Good Idea To Trade USDC
- » Ex-Head of the Bulgarian Services: Putin feels Cornered and looks for a Solution Hysterically
- » Bulgaria’s President Convenes Consultative Meeting on the Escalation of the War in Ukraine
- » Storages in Europe are Filled with nearly 87% Natural Gas