World Blog October Archive

What is the economic situation in Bulgaria and what politics does the country pursue in relation to foreign investors?

By TopBulgarianRealEstate at 10/11/07 08:47

After 1996 there is a positive rate of growth in Bulgaria, which is partly due to the introduction of the monetary board in 1997, and in the recent years there has been an economic development of over 4,5%(one of the highest in Europe), and largely intensified growth indexes in tourist business.

Tourists from more and more countries are interested in Bulgaria as the best alternative for spending holidays, and as a country, in which you can invest free funds in real estates as well as in commerce and in different types of manufacture. This is so because of the low customs fees, the policy on attracting foreign investments by low taxation and a number of preferences for the foreign capital.

Bulgaria has one of the lowest average prices in Europe, although manpower has a lot of experience and excellent qualification. The currency unit is a Bulgarian Lev (1 EURO=1.95 levs).

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