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Capital Sofia attracts 80% of Bulgaria's foreign direct investments

Date: 03.11.2008

Bulgaria's capital Sofia has attracted 78% of the country's total amount of foreign direct investments in 2007-2008.

This was announced Friday by the Deputy Mayor of Sofia Minko Gerdzhikov during an international conference on the implementation of EU's Lisbon Strategy in the development of the city.

Gerdzhikov pointed out there were over 700 000 employed persons in Sofia, and that the average monthly salary in the capital city was EUR 287, which was 31% higher than the average salary in the country as a whole.

In addition, Sofia provides 33% of Bulgaria's GDP, and its own economic growth is 13 to 15% every year.

The Deputy Mayor said the capital attracted foreign investors with its favorable geographic location, the lower salaries in comparison to those in Central Europe, and the high number of young people who graduate from universities each year.

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