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UK company predicts large Bulgaria manufacturing investments

Date: 25.02.2009

According to the UK Growth Partnership Company, Frost & Sullivan (F&S), Bulgaria offers a great potential for growth of electronics manufacturing and contract manufacturing services, a PRWeb press release reported Tuesday.

F&S also expect Bulgaria to be one of the largest avenues for Foreign Direct Investment (FDI) in South-East Europe in the coming years.

They stated that electronics manufacturers look forward to a positive turnaround with more market opportunities in the country in the second half of 2009, thanks to the Bulgarian government's support.

Harish Natesan, research analyst for F&S Electronics & Security group continued; "The Bulgarian government has decided to lower investment thresholds and offer more incentives to electronics manufacturers investing in high unemployment regions in the country. These economic reforms in the wake of the economic slowdown have been an attempt to lower the impact of this crisis on the Bulgarian economy. Hence, Bulgaria is expected to be one of the largest avenues for Foreign Direct Investment (FDI) in South-East Europe in the coming years."

On the negative side F&S state that high inflation rates in Bulgaria have been a cause of concern, especially amidst the economic slowdown expected to impact Bulgaria's growth in the latter half of 2009.

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