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Average inflation in Bulgaria to reach 7.2% in 2006

Date: 31.03.2006

The expected average inflation rate in Bulgaria in 2006 is 7.2%, according to the prognoses of the Economic Analyses and Forecasts Agency (EAFA), the Executive Director of the Bulgarian Investment Agency, Stoyan Stalev, informed.

The expected inflation rates are higher than last years' due to the floods in Bulgaria in 2005 and to the increased excise duties on cigarettes and fuels. The direct foreign investments made in Bulgaria in 2005 amount to $2.3 billion, while only 8% of them were invested in production sector.

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