FDI in Bulgaria Seen Topping EUR 5 B in 2007

16.10.2006

16 October 2007, Tuesday
oreign direct investment in Bulgaria (FDI) will top EUR 5 B this year, the country's investment agency BAI forecast on Tuesday. Photo by Nadya Kotseva

Foreign direct investment in Bulgaria (FDI) will top EUR 5 B this year, the country's investment agency BAI forecast on Tuesday.

Last year, Bulgaria attracted EUR 4,4 B, nearly one fifth of the total flow into southeastern Europe, according to the data from the latest United Nations Conference on Trade and Development (UNCTAD) World Investment Report, presented in Sofia on Tuesday.

The biggest chunk of the funds, nearly 35%, was in real estate, with another 25% into production capacities, according to BAI.

Bulgaria ranked seventh in terms of FDI-to-gross domestic product ratio over the 2004-06 period, largely due to the inflows ahead of joining the European Union in January 2007.

And the figures will remain high if Bulgaria pushes through with the EU-mandated reforms in the judiciary, accountability and fight against corruption, which will further improve the business climate, the authors of the UNCTAD report said.
 

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