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2005 and 2006 foreign investment in Bulgaria exceeds amount for preceding 15 years

Date: 19.04.2007

The foreign investment in Bulgaria for the period from 2005 to 2006 exceeds figures for the preceding 15 years, Economy and Energy Minister Roumen Ovcharov said.

Bulgaria is a key factor for the stability of the Balkan region, Ovcharov said during a discussion on economy and energy partnership between the EU and the US.

Playing the role would be difficult, Ovcharov said but so far Bulgaria has managed to balance its EU and NATO interests, he said.

Foreign investment is needed in Bulgaria’s traditionally developed economic sectors, so that the country could continue carrying out efficient economic and energy policies.

Bulgaria can no longer afford to get involved in projects that require significant human resources, Ovcharov said. What the country should look for is high-tech projects that will attract the attention of highly-qualified experts.

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