Bulgarian Economy - are there positive trends?
- Details
Yes - the trends are positive. The Bulgarian Economy is growing steadily. Strong growth in industrial production, employment and credit has resulted in high GDP growth over the last few years. The economy has grown at an average rate of 4.8 % over the last five years and despite this, inflation has been reduced to the low level of 2.3 % in 2003. Foreign direct investment (‘FDI’) into Bulgaria has increased on a year on year basis over the past three years. FDI reached US $ 7.4 billion in 2003 from US $ 5.7 billion in 2002 (a 30% increase).