The Bulgarian Foreign Investment Agency (BFIA) has forecast that foreign direct investments (FDI) volume will rise from US$1,600m to more than US$2,000m in 2004 with a possibility for a further increase, if the ongoing trend is preserved.
Investments totalled 5.8 per cent of GDP in 2002, 7.1 per cent in 2003 and they are expected to reach 7.5 per cent of GDP in 2004.
In 2004 US$565m is expected to be from privatisation, US$415m from expansion of activity of already existing investors and more than US$1,000m from green-field projects.
Source: Bulgarian News Agency
