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Sofia City attracts many tourists and most of the foreign direct investments

Recent research showed that the Bulgarian capital Sofia has attracted almost eighty per cent of all foreign investments made in the period 2007 – 2008. At the same time Sofia provides more than thirty per cent of the Bulgarian GDP and enjoys an economic growth of fifteen per cent each year.

The Deputy Mayor said the capital attracted foreign investors with its favorable geographic location, the lower salaries in comparison to those in Central Europe, and the high number of young people who graduate from universities each year.

At the same time, the tourists that visit Sofia has increased with almost twenty per cent, and the tourists that increased the most in numbers are from Great Britain and Russia, Germany and Greece, Romania, Macedonia, Serbia.

Source: novinite.com

Published on: 11.11.2008
Category: News
Labels: Sofia Apartments property market research business tourism investor