Bulgarian Investment Agency Eyes 10%-15% Growth in 2012 FDI

Bulgarian Investment Agency Eyes 10%-15% Growth in 2012 FDI

Bulgarian investment agency InvestBulgaria forecast between 10% and 15% growth in foreign direct investment (FDI) inflows in Bulgaria in 2012 if the tendency of the past two years persists.

Last year, FDI in Bulgaria totalled 1.3 billion euro ($1.6 billion), equivalent to 0.15% of the global FDI made in 2011, thestate-run Bulgarian News Agency quoted InvestBulgaria's executive director Borislav Stefanov as saying on Thursday.

Stefanov recalled that foreign investments in Bulgaria during the five months through May increased between six- and sevenfold compared with the same period of last year.

Some 70%-80% of Bulgaria's total FDI is invested in telecommunications, energy and the manufacturing industry, as nearly 90% of the FDI inflows come from EU member states.

 

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.