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Economy in Bulgaria>> new investements
As a member of the European Union since 2007, Bulgaria has a rapidly growing, technologically developed economy. Inflation is well under control; unemployment stands lower than the average for the European Union and is steadily declining. Due to this positive economic profile, Bulgaria is expected to join the Euro zone in 2011.
Agricultural output has decreased overall since 1989 but production has grown in recent years. Mechanization has proceeded further than in most other Eastern European countries but the country has a lack of modern equipment.
Industry plays a key role in the Bulgarian economy. Although Bulgaria lacks large reserves of oil and gas, it produces much electricity, serving as the most important exporter in the region. Electronics and electric equipment-production have developed to a high degree. The largest centres include Sofia, Plovdiv and surrounding area, Botevgrad, Stara Zagora, Varna, Burgas,Pravets and many others. These plants produce household appliances, computers, CDs, telephones, medical and scientific equipment.
Many factories producing transportation equipment do not work at full capacity. Plants produce trains (Burgas, Dryanovo), trams (Sofia), buses (Botevgrad), trucks (Shumen).Ruse serves as the main centre for agricultural machinery. Shipbuilding concentrates in Varna, Burgas and Ruse. Arms production is mainly developed in central Bulgaria (Kazanlak, Sopot, Karlovo).
Foreigners seeking additional homes have recently boosted the Bulgarian property-market. Buyers come from across Europe, but mostly from the United Kingdom, encouraged by relatively cheap property and finding the country more accessible through cheap air travel.
Bulgaria offers excellent conditions for high-tech and telecommunication industries and services with its strategic location, highly-qualified workforce, macroeconomic stability, growing domestic market and well-educated specialists due to country's traditionally strong educational system, with one of the highest rankings of youth mathematicians and informaticians in the world. For these reasons some multinational companies chose to build their regional offices and headquarters in Bulgaria — even before Bulgaria joined the EU. Telecommunications has arguably grown faster than any other industry in the country. Three GSM mobile-telephone operators — Globul, Mobiltel and Vivatel . They have hundreds of service centers throughout the country, constantly growing in number and quality.
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