Six Percent Growth Possible Next Year with More Rational Spending
Monday, 19 December 2016
Talking to BTA, the Bulgarian News Agency, Bulgarian Industrial Association Executive President Bojidar Danev has suggested that provided crazy spending of public money on ineffective projects stops and conditions are created for attracting foreign investors, Bulgaria can count to reach economic growth to the tune of 5.6 to 6 percent in 2017. According to the economist foreign investments can be mobilized even for infrastructure building. For example, instead of spending 100 million euro on an electronic road toll system which has been operating in Hungary for years, Bulgaria can simply transfer it to its territory. Bojidar Danev contends that the main drivers of economic growth in 2017 will be machine-building, the electric industry, high technology and tourism.