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Thread: Bulgaria - Economy Thread

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    Default Bulgaria - Economy Thread

    Foreign direct investment in Bulgaria equals 37 billion euro in 2001 – 2011

    Dec 30 2011

    by The Sofia Echo staff




    Photo: Reuters


    Foreign direct investment (FDI) in Bulgaria from 2001 to 2011 added up to 37 billion euro, making the decade the most successful ever for Bulgaria in attracting FDI.

    According to a report by Darik Radio, quoting Bulgarian National Bank and InvestBulgaria Agency figures, FDI from 2001 to 2010 was 35.7 billion euro.

    In the first three quarters of 2011, FDI in Bulgaria was 535 million euro and the fourth quarter figure was expected to boost this to about a billion euro, the report said.

    The year that saw FDI peak in the past decade was 2007, with 9.05 billion euro.
    Source: Foreign direct investment in Bulgaria equals 37 billion euro in 2001 ? 2011 - Business - The Sofia Echo

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    The future Bulgarian 2 € coins might look like the one below. Our aim is to join the EZ by the end of 2014



    2 € Bulgaria 2014
    Madara Horseman

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    Very Nice

    equal to bolivar of Venezuela

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    2011 Brought EUR 3.2 B in Revenues for Bulgarian Tourism

    January 5, 2012



    Photo by forthenature.org


    Tsvetan Tonchev, Chair of the Bulgarian Tourist Chamber, has described 2011 as a good year for Bulgarian tourism.

    The sector saw good revenues in 2011 despite the financial crisis, Tonchev said in a Thursday interview.

    He pointed out that the past year had fetched EUR 2.7 B in revenues from foreign tourists and BGN 1 B in revenues from Bulgarian tourists.

    The Chair of the Bulgarian Tourist Chamber also told journalists that there was a very good outlook for the winter season.

    "Bulgaria deserves at least EUR 5 B in revenues from international tourism. This has already happened in other countries, for instance Croatia has already attracted EUR 8-9 B, Montenegro over EUR 3 B and Finland over EUR 5 B. Not to mention Greece and Turkey," he explained.

    Tonchev suggested that Bulgaria should develop rehabilitation- and sports-related tourism.

    He concluded by saying that he expected hotel construction to continue into 2012.
    Source: Bulgaria: 2011 Brought EUR 3.2 B in Revenues for Bulgarian Tourism - Novinite.com - Sofia News Agency

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    Bulgaria's Sofia Named Major Destination for British Couples

    January 20, 2012



    Bulgaria's capital Sofia is emerging as a holiday destination for British couples.

    Photo by sofia.bg


    Bulgaria's capital Sofia together with Czech capital Prague and the Polish city of Krakow has emerged as a primary destination for British couples, according to a car hire company.

    Car hire specialist eRentals.co.uk reported growing demand for Prague, Krakow and Sofia in a press release issue Friday.

    British couples are choosing more unusual locations for romantic Valentine getaways according to car hire specialist eRentals.co.uk, which this year is seeing strong demand for Eastern European destinations.

    The company says that bookings for destinations including Sofia in Bulgaria, Prague in the Czech Republic, Bratislava in Slovakia, and Krakow in Poland are increasing year on year, as romantic travellers are drawn by the history, culture and value for money they offer.

    "Destinations such as France are still very popular as an easily accessible romantic break, but what we're seeing is a big increase in bookings for these less well known Eastern European destinations. A combination of more low-cost flights, combined with good value for money hotels, restaurants and shopping seem to be the driving force behind this demand," explains Briony Fairbairn of eRentals.co.uk.

    "Some of these destinations also offer the potential for a romantic ski break that won't break the bank, with car hire offering an additional element to the trip as travellers choose to discover the wider area," he adds.

    The company release says that eRentals.co.uk currently has three days car hire from Sofia airport for EUR 20, from Krakow airport for EUR 40, and from Budapest airport from EUR 40.

    Other areas seeing strong demand for the Valentine's week include Faro, Malta and Bordeaux.
    Source: Bulgaria: Bulgaria's Sofia Named Major Destination for British Couples - Novinite.com - Sofia News Agency

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