Новини
Cheap Labor Attracts Investors
Рубрика: General news Източник:Foreign investors are attracted to Bulgaria because of her EU accession, cheap labour and strategic location in the Balkan region. According to the UNDP report on world investments, Bulgaria is the seventh most investment-attractive country in the world. Bulgaria, Romania, Russia, Kazakhstan, and Ukraine draw in eighty-five percent of all investments in Central and South Eastern Europe, last year.
By August 2007, the foreign investments to Bulgaria amounted to 3.4 billion euros; thirty five-percent of this sum went in real property and twenty-five percent, in the country's industry.
"To keep the investors interested in our economy, the Government should reduce the bureaucratic burden and keep the taxes and employment insurance premiums low," sources from the Confederation of the Employers and Industrialists in Bulgaria told The Standart. They will propose a reduction of the employment insurance premiums by another three points, provided that the collected revenues to the Budget for 2008 keep the level of this year.