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Bulgaria and Romania expect further economic growth after EU entry-report

Date: 30.03.2007

After their EU accession on January 1 2007, Bulgaria and Romania became eligible for significant union funding.

EU funding is seen as a way to speed up developments, especially in infrastructure.

Another benefit related to the union entry is an expected increase in foreign investment, economists in both countries said. Countries that entered the EU in 2004 experienced such hike.

Some of the developing sectors in the two countries offer various investment opportunities. Technology, real estate and tourism are among these sectors.

Over the past three years Bulgaria received nearly seven billion euro worth of foreign direct investment. One of the most attractive sectors for foreign investors is real estate.

Yet, the level of convergence between Romania and Bulgaria and EU member states is still low.

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