Bulgaria Is Becoming Attractive Business Destination in Spite of Problems, AHK Bulgarien Says
Thursday, 27 April 2017
Bulgaria is becoming an increasingly attractive destination for investments in spite of the continuing problems about which investors have been alerting for years and which have not been resolved for years, the Deputy Manager of AHK Bulgarien (German-Bulgarian Chamber of Industry and Commerce) Carmen Struck said. She was presenting the results of the chamber's annual survey of the business environment in Bulgaria at a BTA-hosted news conference on Wednesday.
Struck noted that 2016 ended with yet another record of trade between Bulgaria and Germany which totaled 6,660 million euro. Bulgarian National Bank data cite 124.2 million euro foreign direct investments from Germany in the past year.
The German-Bulgarian Chamber has been conducting surveys of the business environment in Bulgaria among its members since 2005. In 2016 a total of 102 companies participated in the survey conducted simultaneously from February 1 to March 1 in 15 countries from Central and Eastern Europe. A total of 67 per cent of the participating companies fall in the SME category with less than 250 employees and 33 enterprises are large.
Asked whether they would invest in Bulgaria again, 90 per cent of the respondent companies answered in the positive. Compared to last year's survey, 84 per cent of the respondents gave the same answer. Fifty-nine per cent of the interviewees consider the present economic situation as satisfactory. Sixty-two per cent of the respondents forecast improvement of the condition of their enterprises and only 6 per cent expect it to deteriorate.