Invest Bulgaria Agency Sees 2012 FDI Up by 20%

Invest Bulgaria Agency Sees 2012 FDI Up by 20%

Foreign direct investments (FDI) in Bulgaria in 2012 is expected to be 20% higher, the government's investment promotion agency Invest Bulgaria said.

The total volume of FDI in Bulgaria is expected to reach 1.7 to 2.0 billion levs ($1.13-1.3 billion/870 million-1.0 billion euro) by the end of this year, state-run Bulgarian News Agency quoted the agency's executive director Borislav Stefanov as saying.

The share of investments in production is expanding, according to Stefanov, who added that the agency expects at least a few of the ten projects in the automotive industry it is negotiating to become a fact.

Apart from the automotive industry, Stefanov singled out outsourcing as a sector likely to attract investor interest in 2013. Plans for a few projects in the chemical industry and a couple others in medical tourism are underway too, he added.

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