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.


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