Why Invest In Bulgaria?

• Bulgaria became a member of the EU in January 2007. The current stable government is committed to economic reform.
  
  
• Bulgaria will receive €11 billion from the ERBO between now and 2013, further aiding economic development through infrastructure, human capital, administration, IT and regional development investment.
  
  
• The country has averaged GDP growth of 5% over the last 4 years and has consistently posted the highest GDP growth of all former Eastern Block and EU states since 1999. There is a consistent decreasing unemployment rate.
  
  
• Property prices have already begun to accelerate and there is a significant potential to follow the growth levels experienced in the first wave Eastern European EU entrants (in excess of 150% over the last 5 years).
  
  
• The market offers excellent properties at the lowest prices in Europe, placing Bulgaria at 13th position among the world's 60 top investment destinations.
  
  
• Bulgaria's currency, The Lev, is pegged to the Euro ! This means that investors are not exposed to any risk from exchange rate changes.
  
  
• Property values have seen growth levels of 48% in coastal areas and up to 80% in mountain regions. Infrastructure improvements have supplemented the tourism product resulting in rental incomes increasing by 18%.
  
  
• Between January and September 2006 over 4 million foreign tourists visited Bulgaria, an increase of 5.39% on the same time last year. Tourist numbers are expected to exceed 20 million by 2010 making it one of the World's greatest emerging tourist markets.
  
  
• The number of Irish tourists visiting Bulgaria's seaside and mountain resorts grew by 112% during this time, equating to visitor numbers in excess of 55,000. Inbound tourism from Germany, Poland, Great Britain, France, Italy, Spain, Norway and Denmark also showed positive growth levels over this period. Short flight times from Europe are a positive factor.
  
  
• More and more low cost airline operators are targeting the Ski and Sea resorts
  
  
• In short Bulgaria is widely considered as one of the most rapidly advancing European countries with excellent properties prices when compared to other European destinations. After ongoing efforts, the World Bank director for Bulgaria & Romania has now confidently claimed Bulgaria as "a good place for investment", highlighting the fact that in just three years, the country has risen from being the World Bank's lowest rated country in this Eastern region, to being the highest but one.
  
  

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