The ongoing crisis in Greece and the inability to negotiate an agreement with creditors may additionally encourage the foreign
investors to focus on
the neighboring country Bulgaria.
Bulgaria adheres to strict budgetary discipline, has a low government debt and has harmonized with EU legislation
and this makes it an attractive country for
investment.
European Commission (EC) has recommended to Bulgaria to pay
special attention to the negative external economic positions of inter company
indebtedness and inadequate labour market. The recommendations are part of the
annual review of the Commission on the economic recovery.
European Bank for Reconstruction and Development (EBRD)
raised its forecast for growth of Bulgarian economy. The Bank expects 1%
growth this year compared to the previous forecast of 0.8 percent. Bulgaria's economy grew by 1.7 % last 2014 despite the difficulties in the banking
sector.
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