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Bulgaria Is Extremely Competitive in Terms of Foreign Investments

Date: 27.10.2006

Sofia. Bulgaria is an extremely competitive country in terms of attracting foreign investments. This is what Ivo Prokopiev – co-chair of the Confederation of the Employers and Industrialists in Bulgaria said.

Mr. Prokopiev pointed out that the decrease of the corporate tax to 10 percent has a definite positive impact on the attracting of fresh foreign investments. The new tax is to come into force on January 1st 2007. Meanwhile, Bulgaria also continues to offer lucrative taxation of dividends, interest and revenue, as well as quality human capital.

According to Mr. Prokopiev Bulgaria is turning from an investment-receiver to a country-investor in the region. The countries in which Bulgaria mainly invests are its neighbors – Serbia, Romania. Turkey and Macedonia.

UN resident coordinator for Bulgaria Neil Buhne pointed out that Bulgaria should turn its attention to attracting investments from Singapore, India, China and Russia.

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