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Finance Expo Launched in Bulgaria

Date: 07.12.2006

The finance forum FinExpo was officially opened on Wednesday at Sofia's National Palace of Culture.

The extent of permeation of the finance sector into Bulgaria's economy has reached 85% of the GDP, which means that more and more companies manage to find the suitable decisions for themselves, Dimitar Kostov of Bulgaria's National Bank said at the opening.

The financial sector in Bulgaria is the most competitive one in view of the country's EU accession, he added.

The FinExpo is carried out for a second year and will continue until December 8. This year it is participated by 24 financial institutions. The visitors at the expo will be able to get acquainted with the possibilities for credits, savings, and investments that the financial institutions are offering.

According to a recently made research 90% of Bulgaria's small- and medium-size enterprises have failed to apply for EU financing so far. 45% of them are vaguely acquainted with the possibilities the EU funds give, 41 % of them do not know about this way of financing at all.

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