Bulgarian Pres Plevneliev Expects Some 45 Bln Euro of Investment Inflows by 2020

Bulgarian Pres Plevneliev Expects Some 45 Bln Euro of Investment Inflows by 2020

Bulgarian president Rosen Plevneliev said he expects some 45 billion euro ($58 billion) of investment inflows to Bulgaria by 2020.

"I think that Bulgaria would attract approximately 45 billion euro in investments by 2020, according to estimates I have seen, and that is if do a good job, if we work hard together," daily Trud quoted Plevneliev as saying in his annual speech before the Atlantic Club on Thursday.

Currently as much as 85% of the total amount of investments in Bulgaria go into manufacturing, which is a sign that the country's economy is being restructured, news portal Economy.bg cited Plevneliev as saying at the same event.

According to the president, Bulgaria should position itself as a regional hub for information and communication technology, considering that this sector of the local economy numbers 550 companies, employing 35,000 people.

 

 

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