The Bulgarian Foreign Investment Agency (BFIA) expects the inflow of foreign investments in Bulgaria in 2004 to exceed 1,600 million US dollars, up some 20 per cent from 2003. The GDP share of foreign investments will rise from 8 to 9 per cent this year.
The investment expectations this year include privatisation proceeds from the Bulgarian Telecommunications Company, the Bulgartabac Holding Group and the energy sector. The availability of highly skilled experts at competitive prices gives Bulgaria an advantage over the rest of the countries in Eastern Europe.
Among the weak points in attracting foreign investments is the discriminatory application of laws to the different investors and the inadequate infrastructure.
Source: Bulgarian News Agency
